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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.

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What about its bitcoin war chest?!

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They're using it as collateral for a covered call option at Coinbase.

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Oh cool, they have a Naka-style stack?? Oh lord

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Wait, NAKA is selling bitcoin upside like a fiat maxi too? Or just selling bitcoin?

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Just selling BTC (to survive, lol)

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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.

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yeah, that too. Now that you mention it, I was aware :)

They aren’t lol I think it’s a strategic takeover

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