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GameStop collateralized 4,709 BTC to Coinbase for a covered call options strategy
Golden Finance reports that on March 25, GameStop used 4,709 of its 4,710 Bitcoin (retaining only 1) as collateral in a covered call strategy in partnership with Coinbase. As a result of this move, the company’s Bitcoin holdings ranking has dramatically changed: dropping from the 21st largest Bitcoin treasury company in the world to the 190th.