Nice to hear if they’ve been useful . For me, GME is primarily a level-to-level trading instrument, and I don’t really know if I want to speculate further in public on different scenarios, as most of them are guesses based on small crumbs of fact as well as rumors, with very varying outcomes (I have numerous variations in mind). The situation also changes as the facts change, and the equation naturally includes RK’s options entitling him to 12 million shares expiring on Friday, June 21, and their financing, Ryan Cohen and his diluted position, as well as GME’s potential investment and M&A targets, etc.
This has been an absolutely incredible trading instrument for me over the past few weeks, and I have indeed followed every single trade on a minute-by-minute level and analyzed trades and price action daily, so my strength likely lies more in short-timeframe analysis. I have to go on a trip for a few weeks starting next weekend, and unfortunately, I will miss next week’s events.
Edit: I noticed that the number of GME owners on Nordnet has continued to grow to 17,551 people, an increase of over a thousand investors since the start of the week. For trades, I always plan an exit strategy (including a stop loss), and in particularly risky investments, it’s probably wise to assess realistic targets in advance.
Things went deep into the red when RK allegedly sold these call options. Apparently, we’ll find out today whether it was him or someone else who masked the sales to look like RK’s.
His investment in GameStop is 25 shares and 3 calls? Now there’s a big player on the move.
Feels a bit like American legal madness. It would be even more absurd if this resulted in a conviction. For example, Jim Cramer would likely be going behind bars for the rest of his life in that case?
The weirdo (Martin Radev) who sued Roaring Kitty decided to dismiss his own legal process and class action. A put that resulted in a loss of a couple of dollars, 35 GME shares, and a couple of call options apparently didn’t feel like a winning case.
GameStop holds almost all of its assets in cash and some short-term investments, foregoing interest income, and its debts and lease liabilities have significantly decreased within a year.
Here’s Blumma’s story on how Gamestop has piqued investors’ interest by moving into these so-called digital assets.
The company decided to add Bitcoin to its cash reserves, which significantly boosted its stock price. According to the story, this strategic shift may bring volatility, but also new growth opportunities.
Well then… GameStop is buying Bitcoins for half a billion dollars.
More on this can be found in this SalkunRakentaja article.
In response to this, the company has employed various strategies to revive its business, such as cutting costs, streamlining operations, and now a significant shift to digital assets.
The Bitcoin investment represents a new kind of risk-taking for GameStop. GameStop has financed its Bitcoin purchases by issuing $1.3 billion worth of convertible bonds, the proceeds of which were earmarked for general corporate purposes. These purposes also included Bitcoin purchases.
It’s interesting that the Salkunrakentaja article above mentions the total acquisition sum, even though, to my understanding, the company has not published the acquisition price or the date(s). I’ve encountered similar news/social media posts several times already. Have I missed some information, or have others had trouble with reading comprehension?
In my opinion, this press release doesn’t really say anything about it either. It only stated that GameStop announced it would issue $1.3 billion in interest-free convertible senior notes, which will probably be used for Bitcoins (and much more?), but not the total amount.
The company’s revenue decreased compared to the first quarter of the previous year, but the result turned profitable. Net income was profitable, even though operating activities remained slightly loss-making. However, the operating loss significantly decreased compared to the corresponding period last year.
The company’s revenue clearly rose from the corresponding period last year, and operating profit turned from a loss to a profit.
Net profit significantly increased from before, and at the end of the fiscal period, the company’s bitcoin holdings were valued at over half a billion dollars.
The more interesting part is the distribution of warrants as a dividend, with an ex-date of October 3rd and a payment date of October 7th, 2025. For every ten (10) shares owned, one (1) warrant is received. The warrant’s
Regarding warrants, it’s interesting that as I write this, at least eToro has not distributed warrants to owners, nor apparently has Hargreaves Lansdown. And I wonder if it was IBKR, whose clients received them several days ago but they appear in the portfolio as call options and not warrants.
These observations are just noted through various discussion forums, but regarding eToro, I have firsthand information because I use it myself. On eToro, people are posting that the platform’s support doesn’t know when the warrants will be distributed. I haven’t inquired about them yet myself. The original information regarding eToro was roughly that the platform does not support warrants, but rather the warrants would be liquidated on the market and cash distributed to clients. However, at some point the situation changed, perhaps due to pressure from clients (as I understand happened previously when they suddenly enabled GME shareholders to vote).
Does anyone have experience with how common such ambiguity and, on the other hand, differences between brokers are?
The company’s revenue decreased slightly from last year, but the result improved significantly, and the operating profit turned from a loss to a clear positive.
The Bitcoin portfolio is really large, and in addition, cash and investment assets have grown significantly from last year, which provides a very strong buffer for future investments and potential surprises.
. For me, GME is primarily a level-to-level trading instrument, and I don’t really know if I want to speculate further in public on different scenarios, as most of them are guesses based on small crumbs of fact as well as rumors, with very varying outcomes (I have numerous variations in mind). The situation also changes as the facts change, and the equation naturally includes RK’s options entitling him to 12 million shares expiring on Friday, June 21, and their financing, Ryan Cohen and his diluted position, as well as GME’s potential investment and M&A targets, etc.
