GameStop confirms 4,710 BTC in SEC filing, dispelling $368M sell-off speculation

GameStop says it still holds 4,710 BTC. No sale. The 10-K confirms it.

What changed is structure, not ownership. The company pledged 4,709 Bitcoin as collateral on Coinbase Prime for a covered‑call strategy, leaving 1 BTC unpledged. Source: GameStop 10-K.

Key filing details
- Treasury size 4,710 BTC, valued at ~$368.4m as of Jan 31, 2026. Source: 10-K.
- 99.98% of holdings (4,709 BTC) pledged on Coinbase Prime for covered calls. Source: 10-K.
- Short‑dated call strikes at $105k–$110k; some January contracts expired unexercised. Source: 10-K.
- Options marks show a $2.3m unrealized gain and a $0.7m liability. Source: 10-K.
- Due to Coinbase Prime’s rehypothecation rights, GME derecognized the coins and booked a digital asset receivable. The coins were not sold. Source: 10-K.
- Board approval to use Bitcoin as a treasury reserve dates to March 2025. Source: 10-K.