GameStop did not sell bitcoins and pledged 4709 BTC for option strategies

GameStop disclosed that it did not sell Bitcoin, but pledged approximately 4709 BTC to CoinbaseCredit for a covered call option strategy. Previously, the market had speculated that it planned to clear its position because it transferred all BTC to Coinbase Prime. The documents show that the company earns income by selling short-term options with strike prices ranging from $105,000 to $110,000. It still retains relevant Bitcoin economic exposure and directly holds only one BTC.