Does GameStop own bitcoin?

Yes, GameStop has a bitcoin position, though the way it holds it changed in late 2025. The video game retailer bought bitcoin in 2025 as part of a treasury policy, then pledged those coins to a lender as part of an options strategy. Its SEC filings say it did not sell them.

When did GameStop buy bitcoin?

On March 25, 2025, GameStop said its board had unanimously approved an update to its investment policy adding bitcoin as a treasury reserve asset. On May 28, 2025, it filed an 8-K saying it had purchased 4,710 bitcoin. The Block reported that the company had raised money through convertible notes shortly before the purchase. That move put GameStop alongside other public companies that hold bitcoin, a group covered in our guide to crypto treasury companies.

Did GameStop sell its bitcoin?

Rumors spread in early 2026. On January 23, 2026, blockchain analytics firm CryptoQuant flagged a transfer of GameStop's 4,710 BTC to Coinbase Prime and said it was likely a sale, Cointelegraph reported. On-chain moves like this are often read as signs of selling, as our guide on how crypto can be traced explains, but a transfer alone does not prove a sale.

GameStop's annual report for the year ended January 31, 2026 cleared it up. The Block reported that the filing said GameStop acquired 4,709 BTC in 2025, pledged all of it as collateral with Coinbase Credit, and did not sell the coins.

What is GameStop's bitcoin covered call strategy?

A covered call means selling someone the right to buy an asset you own at a set strike price by a set date, in exchange for an upfront payment called a premium. GameStop sold covered calls on part of its bitcoin in the fourth quarter of fiscal 2025, The Block reported, and some of those contracts expired unexercised after the year ended. Our guide to crypto options explains how calls work.

Under the arrangement, Coinbase Credit can rehypothecate, commingle or sell the pledged bitcoin. Because of that, GameStop stopped listing the coins as bitcoin on its balance sheet and records a digital assets receivable instead. The filing says its economic exposure is consistent with owning the bitcoin directly.

How much bitcoin does GameStop hold now?

As of November 2026, the latest quarterly report covers the period ended August 1, 2026. It still lists digital assets on the balance sheet. It shows no new digital asset purchases in the first half of fiscal 2026 and $18.2 million in proceeds from written options on digital assets. The filing does not restate a coin count in the sections reviewed, so the 4,709 BTC figure from the annual report is the most recent count the company has given.