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Game Stop has reiterated its holding of 4,710 BTC (≈$368M), alleviating any worries about him selling the cryptocurrency. Rather than representing a sale and liquidation of his holdings the coins were utilized in a 'covered call' strategy using Coinbase, where GameStop was able to generate an income despite the volatility in the price of Bitcoin by selling call options at a price of $105K to $110K. Most of this BTC would be classified as receivables due to accounting rules versus being considered actual holdings, which would affect rankings but not actual exposure. #BitcoinPrices #Write2Earn

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