GameStop pledged 4,709 of 4,710 BTC for covered calls, March 24, 2026 10-K shows

GameStop’s fiscal 2025 annual report says it used 4,709 of its 4,710 bitcoin as collateral with Coinbase Credit to sell OTC covered-call options rather than exit the position. The Form 10-K filed March 24, 2026 details strike prices of $105,000–$110,000 per BTC, maturities through March 27, 2026, and a reported $131.6 million fiscal-year loss tied to digital assets and related receivables.