BREAKING: GameStop clarified the fate of almost its entire BTC reserve after months of speculation.


The company didn't sell its coins, but it also doesn't hold them directly, it pledged them to Coinbase as part of a covered call strategy to generate premium income, at the cost of limiting some of its upside potential and adopting a new accounting structure.
GameStop pledged 4,709 of its 4,710 BTC to Coinbase as collateral for an over the counter covered call strategy.
BTC-2.48%
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