Everyone's treating GameStop's bitcoin pivot as a sign they're desperate, but the real narrative is backwards: they're not holding bitcoin as a store of value like retail thinks, they're running a sophisticated options income machine that generates yield while the market obsesses over whether they'll hodl or dump. The genius move isn't the bitcoin, it's that nobody's pricing in the cash flow from selling covered calls on an asset everyone assumes they're emotionally attached to.
Like
Comment
Share
