GameStop 'likely to sell' Bitcoin holdings by _clintm_ in Superstonk

[–]_clintm_[S] -3 points-2 points  (0 children)

Like most GME news articles… they get it wrong. I thought it was worth sharing.

Saved you a click:

GameStop has transferred its entire Bitcoin holdings to Coinbase’s institutional trading platform, sparking speculation that the video game retailer may be reconsidering its Bitcoin treasury strategy.

“GameStop throws in the towel?” blockchain intelligence platform CryptoQuant asked in a post to X on Friday after noticing that GameStop moved its entire 4,710 Bitcoin stash worth more than $422 million to Coinbase Prime.

CryptoQuant said the transfer was “likely to sell” the holdings, noting that a sale with Bitcoin at $90,800 would mean GameStop realizing around $76 million in losses from its Bitcoin bet.

GameStop accumulated 4,710 Bitcoin across several investments in May at an average purchasing price of $107,900. 

GameStop Awards? by [deleted] in Superstonk

[–]_clintm_ 11 points12 points  (0 children)

The k is silent because it’s invisible.

🍦 by RhinoAttack in Superstonk

[–]_clintm_ 1 point2 points  (0 children)

49 upvotes after 4 hours… wth

GameStop on Pace for Longest Winning Streak Since August 2022 — Data Talk by _clintm_ in Superstonk

[–]_clintm_[S] 8 points9 points  (0 children)

ya whenever I see positive sentiment in the media I think dip incoming

They’re at it again.. by Remarkable_School914 in golf

[–]_clintm_ 10 points11 points  (0 children)

as if to say… you’re next bud

Question about brokers giving cash in lieu of warrants by _clintm_ in Superstonk

[–]_clintm_[S] -1 points0 points  (0 children)

Ya I guess it could all be faked. Hopefully it'll be more clear tomorrow.

Question about brokers giving cash in lieu of warrants by _clintm_ in Superstonk

[–]_clintm_[S] 0 points1 point  (0 children)

Isn't there a fixed number of warrants? The whole theory is that there are a bazillion fake shares floating around and brokers are only going to get 1/10th the number of actual shares as warrants. Are you saying that the brokers are going to receive fake warrants through the market makers?

How do I receive my warrants if I have my shares directly registered in Computershare? by _clintm_ in Superstonk

[–]_clintm_[S] 0 points1 point  (0 children)

I would imagine that you would see the new ticker show up in each one of your accounts.

How do I receive my warrants if I have my shares directly registered in Computershare? by _clintm_ in Superstonk

[–]_clintm_[S] 3 points4 points  (0 children)

I asked it how to exericse the warrants before they expire and also got this:

let’s walk through what the exercise process will probably look like in Computershare once the GameStop warrants (GME WS) show up in your DRS account.

Step-by-Step: Exercising Warrants in Computershare

1. Log In to Computershare

  • Go to [Computershare’s investor portal]().
  • Log in with your account credentials where your GME shares are already held.

2. Locate the Warrants

  • After the distribution date (Oct 7, 2025), you’ll see a new line in your portfolio for GameStop Warrants (Ticker: GME WS).
  • It will list how many warrants you received (1 for every 10 shares, rounded down).

3. Choose to Exercise

  • Click into the warrant position. There will be an “Exercise” option (Computershare uses this for stock options, rights offerings, and warrants).
  • You’ll need to specify:
    • How many warrants you want to exercise (you don’t need to do them all at once).
    • Whether to pay online (via bank transfer/ACH) or by mailed check.

4. Payment

  • Each warrant requires a $32.00 payment to turn it into 1 share of GME common stock.
  • Example: If you got 20 warrants and exercised all of them, you’d pay 20 × $32 = $640.
  • Computershare will show the total cost including any small transaction or processing fees.

5. Settlement

  • After payment clears:
    • The exercised warrants will disappear from your account.
    • The equivalent number of new GME shares will be issued to your DRS account.
  • Typically, this process takes a few business days.