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Stock impact report

GameStop Confirms It Still Holds 4,710 BTC Worth Roughly $368M [Yahoo! Finance]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
triggered by an onchain transfer that looked like a crypto sale but was actually the setup for a covered-call income strategy. Key Takeaways: Position confirmed: GameStop holds 4,709 BTC pledged as collateral on Coinbase Prime plus one BTC held directly, totaling 4,710 BTC — no sale occurred. Covered-call mechanics: The company sold short-dated call options with strike prices between and per BTC expiring today, March 27, generating a $2.3 million unrealized gain against a liability on the options book. Accounting impact: Due to Coinbase Credit ‘s rehypothecation rights, U.S. GAAP required derecognizing the 4,709 BTC from GameStop's balance sheet, replacing it with a digital assets receivable — dropping its ranking to approximately 190th among public company Bitcoin holders. Discover: The best crypto presales gaining institutional momentum right now GameStop Actually Confirmed Holding Bitcoin, Bullish for Crypto? The 10-K filed with the SEC shows GameStop pledged 4,709 BT Show less Read more
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