[2026-03-29] The latest IT, economic, blockchain and coin news
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2026-03-29 | Curator: CryptoTerminal
Why GameStop Put $315 Million in Bitcoin Into a Covered Call Options Strategy
Video game retailer GameStop disclosed this week that it moved all but 1 BTC of its Bitcoin treasury holdings into a covered call options strategy on Coinbase Prime. By doing so, the 4,709 BTC stash—worth about $315 million as of this writing—has become a receivable rather than an intangible asset on the company's balance sheet. The reclassification matters, because it'll change how Bitcoin gains and losses flow through GameStop's quarterly earnings. Bitcoin treasury companies have been relativ...
