Why GameStop Put $315 Million in Bitcoin Into a Covered Call Options Strategy
In brief
GameStop pledged 4,709 BTC BTC to a covered call strategy on Coinbase Prime, giving the exchange the right to rehypothecate or sell the coins.
The move reclassifies the holdings from an intangible asset to a receivable, changing how gains and losses flow through earnings.
CEO
Decrypt·03-29 16:35