1Mo·

New 2x Leveraged GME ETF is coming

Does anyone remember THE meme stock par excellence $GME (+2,06 %) - that is constantly said to be dead?

Well, yes:

the proportion of cash assets or cash-equivalent financial production in relation to the market cap is currently > 50%
Insider purchases by 3 board members in the last two weeks with a volume of USD 11.1 million
Issue of a 0.00% interest-bearing convertible bond maturing in 2030 with a total value of USD 1.3 billion
ETF Opportunities Trust plans a 2x leveraged ETF on GME

https://www.sec.gov/Archives/edgar/data/1771146/000199937125004008/trex2x-8a12b_040825.htm

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7 Commentaires

TotallyLost@TotallyLost

1Mo

... and why not simply buy a certificate... ? 😅

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Epi@Epi

1Mo

@TotallyLost Certificates usually have significantly higher running costs. TERs of around 20% are not uncommon.

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Stefan21@stefan_21

1Mo

You forgot the announced Bitcoin strategy :)
Bitcoin will be bought from the proceeds of the convertible bond.

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CaYaRo@CaYaRo

1Sem.

@stefan_21 actually happened today: $GME bought 4,710 $BTC; can only hope they weren't stupid enough to buy at the top

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Stefan21@stefan_21

1Sem.

@CaYaRo I know, I already posted it today :D
But actually expected more. They raised 1.3 billion through the convertible bond and have "only" spent around 500 million of it... so I think there's still potential :)

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CaYaRo@CaYaRo

1Sem.

@stefan_21 not all your eggs in one basket;
and as a shareholder, I would like to see a plan B for the future business model, in addition to the acquisition of $BTC;

if you want to invest in Bitcoin, you can do so directly with $BTC, with $COIN or $MSTR; this is probably the reason why the price is not exploding; the GME community is not needed for just one more Bitcoin company

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Stefan21@stefan_21

1Sem.

@CaYaRo as I said, wait and see :)
I don't think the price will explode because 1. they expected more and 2. based on previous purchases. They had raised the 1.3 billion with the convertible bond shortly before the BTC setback to 70k. Many assumed that GME had already seized the opportunity to buy cheaply.
This was obviously not the case. So let's wait and see what comes next :)

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