GameStop ($GME) has moved 4,709 Bitcoin (BTC) to Coinbase in a collateral arrangement tied to a covered-call options strategy, securing roughly $368 million in proceeds—an approach that underscores the retailer's shift toward using crypto holdings as a balance-sheet liquidity tool rather than a directional bet on price appreciation. In its annual 10-K filing with the U.S. Securities and Exchange Commission (SEC), GameStop disclosed that during fiscal 2025's fourth quarter it entered into an agreement with Coinbase Credit.