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GameStop turned its $368 million bitcoin stash into an options income play
Summary by Activist Post
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.1 Articles
1 Articles
GameStop turned its $368 million bitcoin stash into an options income play
The video retailer sparked speculations of selling bitcoin after it transferred nearly all its coins to Coinbase Prime in January. What to know: GameStop disclosed that nearly all of its 4,710 bitcoin were pledged to Coinbase as collateral for a covered-call options strategy, rather than being sold. The company wrote short-dated call options with strike prices between $105,000 and $110,000 to generate premium income, capping its upside on bitco…
Coverage Details
Total News Sources1
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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