Gate News reports that on March 27, documents filed by GameStop with the SEC show that the company did not sell any Bitcoin in January. Instead, approximately 4,709 BTC were pledged to a CEX for a covered call strategy. Previously, the market speculated that the company intended to liquidate all its BTC after transferring them to the CEX. The filings reveal that the company generated income by selling short-term options with strike prices between $105,000 and $110,000. These options have an unrealized gain of $2.3 million and liabilities of $700,000. Some covered call contracts expired in January but were not exercised. GameStop still maintains exposure to Bitcoin, but since transferring 4,709 BTC to the CEX, these assets are no longer counted as directly owned. Currently, the company only directly holds 1 BTC.
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