GameStop's Bitcoin Not Sold, Instead Pledged as Collateral with Coinbase Credit
According to its latest 10-K filing, GameStop did not sell the Bitcoin it acquired last year. The filing clarifies that the company instead pledged 4,709 BTC as collateral with Coinbase Credit. This development provides insight into GameStop's financial strategy concerning its digital assets, addressing previous speculation about the disposition of its crypto holdings. The action demonstrates a specific use case for corporate crypto holdings beyond direct sale, involving a notable crypto financial service.
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