GameStop Didn't Make Money With Its Bitcoin Bet—But It Will Try Again This Quarter

Benzinga06-13 02:00

GameStop rolled over covered call contracts tied to nearly all of its Bitcoin holdings after the previous batch expired on May 29, based on its latest quarterly filing. The arrangement allows Coinbase...

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class=\"title\">\nGameStop Didn't Make Money With Its Bitcoin Bet—But It Will Try Again This Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-13 02:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/06/53175635/gamestop-didnt-make-money-with-its-bitcoin-bet-but-it-will-try-again-this-quarter><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop rolled over covered call contracts tied to nearly all of its Bitcoin holdings after the previous batch expired on May 29, based on its latest quarterly filing.\nThe arrangement allows Coinbase...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/06/53175635/gamestop-didnt-make-money-with-its-bitcoin-bet-but-it-will-try-again-this-quarter\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/06/53175635/gamestop-didnt-make-money-with-its-bitcoin-bet-but-it-will-try-again-this-quarter","article_id":"2643429724","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=260,format=auto,quality=85/files/images/story/2026/06/12/gamestop-gemini2.jpeg"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/crypto/cryptocurrency/26/06/53175635/gamestop-didnt-make-money-with-its-bitcoin-bet-but-it-will-try-again-this-quarter","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2643429724","pubTimestamp":1781287200,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"GameStop Corp.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","IGME":"BITWISE GME OPTION INCOME STRATEGY ETF","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4577":"网络游戏","GMEY":"YIELDMAX GME OPTION INCOME STRATEGY ETF","BK4076":"电脑与电子产品零售","GME":"游戏驿站","GMEU":"2倍做多GME ETF-T-REX"},"translate_title":"游戏驿站没有从比特币的赌注中赚钱——但它将在本季度再次尝试","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GMEY":0.6,"GME":1.98,"IGME":0.6,"GMEU":0.6},"content_text":"GameStop rolled over covered call contracts tied to nearly all of its Bitcoin holdings after the previous batch expired on May 29, based on its latest quarterly filing.\nThe arrangement allows Coinbase to potentially acquire the Bitcoin at a predetermined price if the cryptocurrency rises above the strike price before expiration. \nIn exchange, GameStop collects an upfront premium.\nThe new contracts carry an $80,000 strike price, down from the prior range of $105,000 to $110,000.\nBecause the Bitcoin is pledged under the arrangement, accounting rules require GameStop to remove the cryptocurrency from its balance sheet and instead record a receivable representing its right to get the Bitcoin back.\nAs of the filing date, that receivable was valued at approximately $369.6 million, roughly $58 million below the original cost basis of the Bitcoin.\nGameStop began building its Bitcoin treasury in 2025 after raising roughly $1.5 billion through debt financing.\nThe company held around 4,710 Bitcoin during the quarter, with all but one coin committed to the covered-call strategy.\nDespite the size of the position, Bitcoin contributed only about $1 million to quarterly earnings through gains on digital assets.\nGameStop reported net income of roughly $390 million during the period, generated majorly by interest income from large cash balance and unrealized gains tied to its eBay options position.\nThe company continues to prioritize premium income over maximizing exposure to Bitcoin’s potential price appreciation, Decrypt reported.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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