Tag: covered

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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...

Bitcoin (BTC) covered call strategy used to generate income

GameStop's (GME) massive, $420 million bitcoin BTC$69,133.51 transfer earlier this year was not an exit – but it's not holding the coins anymore either.In...