GameStop disclosed in its fiscal 2025 annual report that it pledged 4,709 of 4,710 bitcoin as collateral to Coinbase Credit to execute a covered-call options strategy, confirming it retained its BTC holdings instead of selling them. The move signals the company is using derivatives to monetize its crypto position while keeping exposure to price gains.
American Bitcoin has boosted its corporate holdings to almost 5,900 BTC, surpassing GameStop and Nakamoto Inc. in publicly reported reserves.
A surge in retail activity—sparked by renewed GameStop interest, crypto enthusiasm and upbeat forecasts—is reshaping market dynamics and investor behavior.