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GameStop Has Not Sold Bitcoin, Stakes 4,709 BTC for Options Strategy
Svmuu News GameStop disclosed that it has not sold its Bitcoin; instead, it has staked approximately 4,709 BTC with Coinbase Credit to implement a covered call options strategy. Previously, market speculation arose that the company might liquidate its holdings after transferring all its BTC to Coinbase Prime. Documents reveal that the company generates income by selling short-term options with strike prices ranging from $105,000 to $110,000, while still maintaining economic exposure to Bitcoin, with only 1 BTC held directly. (Cointelegraph)
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