Gate News, on March 25, according to BitcoinTreasuries.NET monitoring, GameStop pledged 4709 of its 4710 held bitcoins as collateral to a certain CEX for a covered call option strategy.

Analyst Emmett Gallic revealed that GameStop purchased 4710 BTC in 2025 and pledged 4709 BTC in January as options collateral, resulting in confirmed accounts receivable of $368.3 million and generating a net loss of $131.6 million. Bitcoin's price has declined 25% since the pledge.