Here’s how memestock maven GameStop is tapping Coinbase and Bitcoin to boost revenue

One Bitcoin. That’s GameStop’s entire stash. While most Bitcoin treasuries are in the business of buying and betting on the token’s upside, one company is making a very different move. The video game outlet handed over nearly its entire Bitcoin stash to Coinbase, collecting around $368 million in cash upfront in exchange for capping its gains if the token rallies above $105,000. Structured through covered call options, the trade turns what is typically a high-volatility bet on Bitcoin’s upside into som ...