Analyst: GameStop's pledged 4,709 bitcoins have an unrealized loss of approximately $131.6 million

CycleProphet · 2026-03-25T03:39:46+00:00

GameStop purchased 4,710 Bitcoin for $500 million in 2025 and staked 4,709 Bitcoin with Coinbase Credit, recording $368.3 million in receivables. With Bitcoin's current price down approximately 25%, the company has recorded a net paper loss of approximately $131.6 million.

CycleProphet

2026-03-25 03:39:46

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Deep Tide TechFlow News, on March 25, according to crypto analyst Emmett Gallic (@emmettgallic), GameStop purchased 4,710 Bitcoins for $500 million in May 2025. In January of the same year, the company pledged 4,709 Bitcoins to Coinbase Credit as collateral for a covered call option, terminated the related Bitcoins, and recorded $368.3 million in receivables. Based on the purchase cost, the current book net loss is approximately $131.6 million. Since pledging the collateral, Bitcoin prices have declined by about 25%.

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