NewsBTC •
March 27, 2026 at 11:00 •
Analysis
On‑chain trackers showed GameStop’s $324 million worth of bitcoin leaving its wallets for Coinbase. Many assumed a full‑blown dump, but SEC filings show the company still has exposure to Bitcoin, just not in the way most traders think. Related Reading: Bitcoin Rangebound At $70K While Macro Cracks Deepen – Why Analyst Says It’s Too Early To Call A Bottom A Bitcoin “Covered-Call” Deal On paper, GameStop now only owns 1 BTC. The gaming company’s latest 10-K reveal that instead of offloading the 4,710 BTC it bought January last year, the video game retailer has pledged 4,709 of 4,710 BTC to Coinbase for a covered call strategy, receiving about $368 million in cash while capping upside above roughly $105,000–$110,000 per BTC. A covered call is an options strategy where y...
