GameStop collateralizes nearly all its BTC for covered call strategy

GameStop has placed 4,709 of its 4,710 BTC holdings as collateral for a covered call strategy with Coinbase, BitcoinTreasuries reported. A covered call strategy is an investment approach that involves selling call options against Bitcoin holdings to collect premiums. As a result, the company's ranking among corporate Bitcoin holders has dropped from 21st to 190th.