Bitcoin Bets, Insider Buying, and Volatility Playbook
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Bitwise’s IGME joins a growing field of single-stock income strategies. - Covered call funds have gained significant traction, especially on volatile names with cult-like retail followings.
GameStop stock is volatile ahead of today's earnings report amid Bitcoin and Nintendo news. Analysts expect a small profit but lower revenue, which will test its recent momentum.
GameStop shares fell in late-Wednesday trading after the company announced plans for a big convertible notes offering expected largely to fund its Bitcoin-buying aims.
GameStop’s revenue has dropped in recent years as video game customers have made fewer trips to stores and favored digital downloads. The stock has also been volatile, and it made headlines a few years ago due to a major short squeeze.
Meme stock – GameStop (NYSE:GME) – is set to release its earnings on Tuesday, June 10, 2025. Historically, GameStop's stock has exhibited a favorable one-day return in 55% of cases following earnings announcements over the last five years. The average positive return has been 10.2%, with the highest one-day gain reaching 35.2%.
GameStop acquires 4,710 Bitcoin worth $516.6M, diversifies its revenue stream, and launches a Bitcoin-focused ETF amid earnings results.
Bitwise Asset Management announced the launch of the Bitwise GME Option Income Strategy ETF (IGME), the first-ever covered call ETF centered around
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Newsable Asianet News on MSNGameStop Doubles Down On Bitcoin With $1.75B Bond Offering — And Retail Is Not ImpressedGameStop (GME) is raising another $1.75 billion by issuing convertible senior notes to fund Bitcoin purchases, according to a company press release. The move sent its shares sliding 11% in after-hours trading on Wednesday,