Ryan Cohen Ramps Up $1 Billion GameStop Bet With Margin Loan

GameStop Corp. Chief Executive Officer Ryan Cohen has increased his investment in the video-game retailer, pledging more than half his $1 billion stake to secure a margin loan.

The billionaire bought 500,000 shares of GameStop, bringing his position to 37.3 million shares or 8.4% of the company, according to an April 3 filing. Almost 60% of those shares are now pledged with Charles Schwab Corp. to guarantee the loan, according to the filing.

GameStop Corp. signage on the floor of the New York Stock Exchange.

Photographer: Michael Nagle/Bloomberg

GameStop updated a policy in March to allow executive officers and directors to promise securities as collateral. The loan can’t exceed 50% of the ...