I said LABCS1452 is GameStop

GameStop entering the Bitcoin arena is something people aren’t truly ready for, this is a massive buy announcement that I think will be reported in June, if not earlier, at their next earnings release. “Give me a lever long enough…and I shall move the world” 

GameStop has the perfect history for a Bitcoin play, they can take advantage of their stock price runs to sell atm equity to buy Bitcoin and they can use their high volume options market for convertible debt. This self reinforcing cycle will be bullish for both #bitcoin and $gme for years to come. They also have a massive retail fan base and media attention (We’ve seen how important a retail fan base is for @Strategy). 

.@BoilerPaulie makes the case on the Echo Chamber podcast, video recorded and attached below, with @ShaunFitzzzy that 

$GME could be DCA-ing #bitcoin to get around the SEC 8K reporting requirement for btc buys. 

They could be using this strategy to delay their reporting until earnings in June. With the new FASB accounting standards $GME could surprise with, both the size of their btc buy, PLUS a massive earnings beat if they took advantage of the Bitcoin dip in the 74-90K range and Bitcoin closes the quarter above their average cost 👀 

The FASB reporting rules allow you to mark the value of your btc gain quarter over quarter in earnings on the income statement  

I think @ryancohen is cooking something big here. Next 6 weeks should be fun, strap in 🚀 

P.S. Cohen isn’t like Saylor he moves more in silence but still very strategically and a lot of people will be caught offsides / short when the GameStop bitcoin purchase is reported imo you’ll wanna be on the right side of this NFA