GameStop Holds Onto Its 4,710 Bitcoins, SEC Filings Reveal

Providing Collateral to Coinbase

On the 26th, GameStop disclosed in its annual report (Form 10-K) filed with the U.S. Securities and Exchange Commission (SEC) that it had provided almost all of its Bitcoin (BTC) holdings as collateral to Coinbase.

This move was part of a covered call strategy implemented in January, putting an end to the market speculation that had been ongoing for about two months regarding whether the BTC would be sold.

According to the disclosure, the collateral consisted of the company's holdings of approximately 4,...