DId not see this coming, and honestly haven't paid attention to Gamestop (other than the meme stories) in ages. But if you'd asked me, I'd have assumed eBay was in a better position to buy Gamestop than the reverse.
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DId not see this coming, and honestly haven't paid attention to Gamestop (other than the meme stories) in ages. But if you'd asked me, I'd have assumed eBay was in a better position to buy Gamestop than the reverse.
Surprising. I didn't think GameStop would be in the financial position to do this.
What about its bitcoin war chest?!
They're using it as collateral for a covered call option at Coinbase.
Oh cool, they have a Naka-style stack?? Oh lord
Wait, NAKA is selling bitcoin upside like a fiat maxi too? Or just selling bitcoin?
Just selling BTC (to survive, lol)
Actualy you may have been more accurate than you intended to be, I just found out one of their recent investor news releases talks about selling calls on part of their stack.
yeah, that too. Now that you mention it, I was aware :)
They aren’t lol I think it’s a strategic takeover