pull down to refresh

176 sats \ 8 replies \ @grayruby 2 May \ on: GameStop is preparing offer for eBay, WSJ reports Stacker_Stocks

Surprising. I didn't think GameStop would be in the financial position to do this.

write
compose
21 sats \ 6 replies \ @denlillaapan 2 May

What about its bitcoin war chest?!

reply
44 sats \ 5 replies \ @StillStackinAfterAllTheseYears OP 2 May

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

reply
22 sats \ 4 replies \ @denlillaapan 2 May

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

reply
63 sats \ 3 replies \ @Lobotomite 2 May

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

reply
11 sats \ 2 replies \ @denlillaapan 2 May

Just selling BTC (to survive, lol)

reply
21 sats \ 1 reply \ @Lobotomite 6 May

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.

reply
21 sats \ 0 replies \ @denlillaapan 6 May

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

reply
60 sats \ 0 replies \ @BlokchainB 2 May

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

reply