GameStop bitcoin holdings
The video game retailer that bought 4,710 bitcoin in 2025 and then wrote call options against almost all of it, changing what the position is.
Key figures
- Bitcoin held
- 4,710 BTC
- As of
- 2026-05-02
- Rank
- 21 of 165
- Value at current price
- $297.5M
- Share of 21 million
- 0.02%
- First purchase
- 2025-05-28
Holdings over time
Cumulative bitcoin held after each disclosed event. The line steps rather than slopes because treasury positions change on purchase dates, not continuously.
Only a few disclosures are on file so far. The line joins the points we can source, and grows as more are published.
We do not yet have enough dated market cap points for GameStop to chart its valuation history. Rather than interpolate, we leave it out until the figures are filled in.
Every disclosure we have
| Date | Event | Change | Total held | Note | Source |
|---|---|---|---|---|---|
| 2026-05-02 | Reported | 4,710 | Holdings unchanged at 4,710 BTC. The company reports covered calls written on nearly all of the coins, which moves them off the balance sheet into a digital assets receivable. | sec.gov | |
| 2025-05-28 | Bought | 4,710 | First and only disclosed bitcoin purchase, 4,710 BTC. Dated to the May 2025 announcement; the cited filing is a later 10-Q restating the position, not the original announcement. | sec.gov |
About GameStop
GameStop bought 4,710 bitcoin in May 2025, funded from the cash pile it had accumulated through repeated share sales into retail enthusiasm. The purchase fitted a company whose shareholder base overlaps heavily with crypto retail investors.
What happened next matters more than the purchase. The company sold over-the-counter covered call options on 4,709 of those 4,710 coins through Coinbase Credit, at strikes between roughly 105,000 and 110,000 dollars. Because the arrangement allows the counterparty to rehypothecate the coins, GameStop derecognised the bitcoin from its balance sheet and now reports a digital assets receivable instead. It has the economic exposure, but not the bitcoin.
That is a genuinely different position from the other companies on this list, and its 55.5 billion dollar bid for eBay in May 2026 leaves the treasury's future unclear.
Frequently asked questions
Does GameStop still own its bitcoin?
Not in the ordinary sense. It wrote covered calls on 4,709 of its 4,710 coins through an arrangement that lets the counterparty rehypothecate them, so the bitcoin left its balance sheet and was replaced by a receivable. The economic exposure remains, capped by the option strikes.
Compared with its neighbours
Sources
Holdings figures and their dates come from the disclosures linked in the history table above. Read the full methodology.