GameStop incurs a net loss of $131.6 million after pledging 4,709 BTC

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Source: odaily

2026-03-25 03:31:25

BTC1,03%

Gate News reports that on March 25, analyst Emmett Gallic posted on X platform that GameStop purchased 4,710 BTC for $500 million in May 2025. In January this year, GameStop collateralized 4,709 BTC with a crypto financial institution as collateral for a covered call option strategy, and terminated the recognition of this portion of BTC, instead recording $368.3 million in accounts receivable, resulting in a net loss of $131.6 million. Since the collateralization, the price of Bitcoin has fallen approximately 25%.

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