GameStop Pledged 4,709 BTC to Coinbase in Covered-Call Deal, 10-K Shows

On-chain trackers showed about $324 million in GameStop-linked BTC moving to Coinbase, prompting speculation the retailer had sold its stack. The company's latest 10-K indicates it still has Bitcoin-linked exposure by pledging 4,709 of 4,710 BTC to Coinbase for a covered-call strategy, receiving about $368 million in cash while limiting gains above roughly $105,000–$110,000 per BTC. On paper, the filing shows GameStop now holds 1 BTC directly.