GameStop Didn’t Make Money With Its Bitcoin Bet—But It Will Try Again This Quarter
Posted On June 12, 2026
GameStop Corp. (NYSE:GME) has renewed a Bitcoin (CRYPTO: BTC) options arrangement with Coinbase (NASDAQ:COIN) after the first set of contracts expired worthless, extending a strategy that generated modest income but contributed little to the retailer’s record quarterly profit.
What Happened
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 to potentially acquire the Bitcoin at a predetermined price if the cryptocurrency rises above the strike …
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