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GameStop’s BTCUSD Covered Call Strategy Generates Cash but Caps Bitcoin Upside

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The Story

News Summary

  • GameStop pledged nearly all its 4,710 BTC to Coinbase for a covered call strategy, receiving cash upfront and capping Bitcoin upside, shifting from holding to yield generation amid declining revenues.
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BTCUSD price history

77590.86 +17.77% over the displayed period

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