GameStop Option Alert: Jan 16 $110 Puts at the Bid: 65 vs 47 OI; Earnings 6/6 Before Open [est] 

GameStop Option Alert: Jan 16 $110 Puts at the Bid: 65 @ $82.2 vs 47 OI; Earnings 6/6 Before Open [est] Ref=$27.95

GameStop Option Alert: Jan 16 $105 Puts at the Bid: 75 vs 1410 OI; Earnings 6/6 Before Open [est] 

GameStop Option Alert: Jan 16 $105 Puts at the Bid: 75 @ $77.2 vs 1410 OI; Earnings 6/6 Before Open [est] Ref=$27.9501

GameStop Option Alert: Jan 16 $105 Puts Sweep (3) near the Bid: 70 vs 1410 OI; Earnings 6/6 Before Open [est] 

GameStop Option Alert: Jan 16 $105 Puts Sweep (3) near the Bid: 70 @ $77.221 vs 1410 OI; Earnings 6/6 Before Open [est] Ref=$27.955

GameStop Option Alert: Jan 16 $115 Puts at the Bid: 60 vs 5 OI; Earnings 6/6 Before Open [est] 

GameStop Option Alert: Jan 16 $115 Puts at the Bid: 60 @ $87.25 vs 5 OI; Earnings 6/6 Before Open [est] Ref=$27.88

GameStop Option Alert: Jan 16 $115 Puts at the Bid: 60 @ $87.2 vs 5 OI; Earnings 6/6 Before Open [est] Ref=$27.8789

GameStop (NYSE:GME) Stock

GameStop

GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. The company sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States. The company categorizes its products in three categories: Hardware and accessories, Software, and Collectibles. The company generates the majority of its revenue from the sale of Hardware and accessories products.

GameStop Corp

Globus Medical, Inc. Class A Common Stock

Globus Medical Inc

GAMEE

GME GROUP HLDGS LTD by GME GROUP HLDGS LTD.

Gambit Energy Inc

GOME ELEC APP HLDG ORD by GOME Retail Holdings Limited

GOME Retail Holdings Ltd

Good Gaming Inc

VanEck Green Metals ETF

GAMEON ENTMT TECHNOLOGIES by GameOn Entertainment Technologies Inc.

GameOn Entertainment Technologies Inc

T-REX 2X Long GME Daily Target ETF T-REX 2X Long GME Daily Target ETF

GME INNOTAINMENT INC by GME Innotainment, Inc.

GME Innotainment Inc

According to several experts in the sector, Bitcoin ETFs and cryptocurrency-related ETFs have made significant progress since launching in January 2024 <a href="https://www.benzinga.com/etfs/currency-etfs/25/01/42971053/bitcoin-etfs-enter-2025-after-massive-first-year">and setting inflow records</a>.
Here's what three Bitcoin-ETF experts had to say about the sector&#8217;s growth, why people are choosing Bitcoin ETFs, what the U.S. buying Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could mean for demand and validation, and what comes next for cryptocurrency ETFs.
Beating Expectations: The launch of Bitcoin ETFs has been an &#8220;amazing journey&#8221; that could be &#8220;just beginning,&#8221; WisdomTree Global Head of Research Chris Gannatti said at <a href="https://www.youtube.com/watch?v=g-tme4GtysQ">Benzinga's recent ETF event.</a>
"At WisdomTree, we've been amazed to watch the appetite, the adoption," Gannatti said.
Gannatti said it's clear there was pent-up demand for Bitcoin ETFs and everyone has now seen "incredible growth."
WisdomTree was one of the first companies with a Bitcoin ETF with the WisdomTree Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCW#BATS">BTCW</a>).
Bitwise Asset Management Head of Research Ryan Rasmussen echoed the early success of Bitcoin ETFs with his company behind the Bitwise Bitcoin ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>) and several other crypto-related ETFs.
"The adoption and performance of Bitcoin ETFs since they launched in the US since last January is just incredible," Rasmussen said.
Rasmussen said Bitcoin ETFs broke the one-year record for inflows and continue to see strong demand.
"We're extremely excited about it. Just getting started."
After the launch of the initial batch of Bitcoin ETFs came other funds like the Innovator Uncapped Bitcoin 20 Floor ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/QBF#BATS">QBF</a>), which offers limited downside for investors.
Innovator Director of Product Strategy Andrew Nelson said the initial growth of Bitcoin ETFs is what spurred the company launching a crypto ETF.
"There's room for everybody," Nelson said.
Nelson said Innovator's fund creates additional investment opportunities for investors and another tool in their tool kit when looking for exposure to Bitcoin.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45018551/senator-on-digital-assets-committee-buys-more-bitcoin-etf-shares-2025-is-the-year-for-digital-assets">Senator On Digital Assets Committee Buys More Bitcoin ETF Shares: &#8216;2025 Is The Year For Digital Assets&#8217;</a>
Why Bitcoin ETFs?: When asked why there's room for Bitcoin ETFs alongside investing directly in Bitcoin, the expert panel didn't flinch.
Nelson said Bitcoin ETFs like the one from Innovator provide "unique exposure" for investors.
Summarizing his company's ETF in three sentences, he said it's, "Bitcoin, 20% max loss, and no cap."
The Innovator fund offers an uncapped upside while providing a 20% max loss each quarter for investors. Nelson said this is not something you can engineer on your own just by holding Bitcoin.
Rasmussen echoed this sentiment saying there are different things ETFs can do like derivatives and options along with getting access to "institutional grade custody" of Bitcoin.
With Bitcoin ETFs, there's less risk for asset managers than worrying about self-custody and other aspects for clients, Rasmussen added.
Countries and Companies Adding Bitcoin: Another key growth topic for Bitcoin and Bitcoin ETFs could be the stockpiling of the leading cryptocurrency by countries and companies.
Gannatti said that some see the degree of success Michael Saylor has had with Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) buying Bitcoin and they want to follow it.
"People who have achieved great success get great attention," Gannatti said.
Gannatti also said the US being more crypto-friendly isn't a done deal, but things are changing.
"The current administration is pushing the ball down the field in a positive direction."
Without giving a price prediction, Gannatti said if the only goal is to get the price of Bitcoin to go up fast, the U.S. buying Bitcoin could be the quickest way.
Rasmussen highlighted the sector&#8217;s change. The fact that a person predicting some of the things that happened five years ago would have been laughed at and called crazy, he added.
"I think it's crazy that we're seeing corporations and governments buy Bitcoin, not in a bad way," Rasmussen said.
Rasmussen referenced how GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) recently bought Bitcoin. More companies are saying they're adding the cryptocurrency to hedge against national debt, inflation, and geopolitical concerns.
"I still think we're in the early stages of seeing mass adoption by governments and corporations."
Rasmussen added that, "no government wants to be the last mover when it comes to this."
Pension funds that have yet to invest in Bitcoin say they&#8217;d feel comfortable adding cryptocurrency to their portfolios if the U.S. purchases Bitcoin, the panelist added.
"I think that is one of those monumental moments,&#8221; he added.
More demand from countries and corporations could lead the price of Bitcoin higher, Nelson said.
Nelson said the idea is that high demand drives prices higher in a supply-constrained environment. The U.S. buying Bitcoin could be a positive action for the sector. Yet, Nelson added, it might not be the same initial demand that happened when Bitcoin ETFs launched.
"We think it's a positive for the space."
What's Next: Bitwise predicts Bitcoin will hit $200,000 by the end of 2025 and $1 million by 2029. Rasmussen said these are predictions and not investment advice but show confidence in the long term.
Going forward, the company is also launching more ETFs in the cryptocurrency space. This includes covered call income strategy funds around public crypto-companies like Strategy, MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
"We're spending a lot of time thinking about what products do investors want access to," Rasmussen said. 
Innovator has just one current cryptocurrency ETF — QBF. However, the company is closely monitoring the space and the options market to see where the demand is, Nelson said, adding, "We're looking at Ethereum of course, because of its already approved nature.&#8221;
Innvoator also monitors Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and XRP CRYPTO:XRP). 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/02/43599972/new-bitcoin-etf-limits-losses-to-20-offers-risk-controlled-exposure">New Bitcoin ETF Limits Losses To 20%, Offers Risk-Controlled Exposure</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
 <iframe loading="lazy" title="Crypto Panel - Virtual ETF Event" width="500" height="281" src="https://www.youtube.com/embed/ozqSFOpMooE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BTC

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Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

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BTCW

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MARA

MSTR

Innovator ETFs Trust Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly

EXCLUSIVE: Bitcoin ETF Experts On Past, Present And Future Of Sector — Why US Buying BTC Could Be 'Monumental Moment'

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are experiencing volatile price action amid excitement around Thursday&#8217;s <a href="https://www.benzinga.com/news/gaming/25/06/45776150/jensen-huang-says-nintendo-switch-2-has-ai-processors-to-enhance-gameplay-unlike-anything-weve-built-before">launch</a> of the Nintendo Switch 2 and growing interest in GameStop's strategic pivot toward Bitcoin.
What To Know: The video game retailer is set to report <a href="https://www.benzinga.com/quote/GME/earnings">earnings</a> next Tuesday, June 10. Analysts expect EPS of 4 cents, a turnaround from the prior quarter's loss of 12 cents. Revenue is forecast at $754.23 million, down from $881.8 million in the previous quarter.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45798823/planet-labs-pl-shares-surge-over-50-following-q1-beat-whats-going-on">Planet Labs Shares Surge Over 50% Following Q1 Beat: What&#8217;s Going On?</a>
GameStop has recently <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45627439/gamestop-stock-is-rising-again-whats-going-on">surged</a> on news that it added 4,710 Bitcoins to its balance sheet, following its board's approval of Bitcoin as a treasury reserve asset earlier this year. The stock is up roughly 13% in the past month, helped by retail enthusiasm and a broader crypto rally that pushed Bitcoin above $110,000 in late May.
The launch of the highly anticipated Switch 2, powered by Nvidia Corp&#8217;s <a href="https://www.benzinga.com/news/gaming/25/06/45776150/jensen-huang-says-nintendo-switch-2-has-ai-processors-to-enhance-gameplay-unlike-anything-weve-built-before">new AI-enhanced chip</a>, has also fueled interest in GameStop shares, as the console's release could drive demand for gaming hardware and accessories, key segments for the retailer. 
Investors will meanwhile be watching closely on Tuesday to see if GameStop's results and crypto strategy continue to support its rally.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45795638/tesla-stock-slumps-amid-political-turmoil-whats-going-on">Tesla Stock Slumps Amid Political Turmoil: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">How To Buy GME Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in GameStop&#8217;s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, GME has a 52-week high of $48.00 and a 52-week low of $18.73.
Image: Shutterstock

News

GameStop Shares Are Volatile Ahead Of Earnings, Amid Switch 2 Buzz

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$300.00</td>
<td>$50.4K</td>
<td>15.2K</td>
<td>166.7K</td>
</tr>
<tr>
<td>BYON</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$5.00</td>
<td>$39.0K</td>
<td>993</td>
<td>825</td>
</tr>
<tr>
<td>DASH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/13/25</td>
<td>$217.50</td>
<td>$29.2K</td>
<td>95</td>
<td>513</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$120.00</td>
<td>$90.3K</td>
<td>3.2K</td>
<td>430</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$50.00</td>
<td>$91.5K</td>
<td>10.4K</td>
<td>421</td>
</tr>
<tr>
<td>BURL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$230.00</td>
<td>$40.8K</td>
<td>61</td>
<td>82</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$370.00</td>
<td>$53.6K</td>
<td>418</td>
<td>14</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$5200.00</td>
<td>$62.4K</td>
<td>59</td>
<td>4</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on June 6, 2025. This event was a transfer of 106 contract(s) at a $300.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $50.4K, with a price of $477.0 per contract. There were 15201 open contracts at this strike prior to today, and today 166760 contract(s) were bought and sold. 
• For BYON (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>), we notice a put option trade that happens to be bearish, expiring in 589 day(s) on January 15, 2027. This event was a transfer of 200 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $195.0 per contract. There were 993 open contracts at this strike prior to today, and today 825 contract(s) were bought and sold. 
• For DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we notice a call option trade that happens to be bearish, expiring in 8 day(s) on June 13, 2025. This event was a transfer of 75 contract(s) at a $217.50 strike. The total cost received by the writing party (or parties) was $29.2K, with a price of $390.0 per contract. There were 95 open contracts at this strike prior to today, and today 513 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a put option trade that happens to be bearish, expiring in 225 day(s) on January 16, 2026. This event was a transfer of 10 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $90.3K, with a price of $9030.0 per contract. There were 3286 open contracts at this strike prior to today, and today 430 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option trade that happens to be bullish, expiring in 106 day(s) on September 19, 2025. This event was a transfer of 150 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $91.5K, with a price of $610.0 per contract. There were 10437 open contracts at this strike prior to today, and today 421 contract(s) were bought and sold. 
• For BURL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>), we notice a put option trade that happens to be bearish, expiring in 43 day(s) on July 18, 2025. This event was a transfer of 73 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $40.8K, with a price of $560.0 per contract. There were 61 open contracts at this strike prior to today, and today 82 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a call option trade that happens to be neutral, expiring in 589 day(s) on January 15, 2027. This event was a transfer of 5 contract(s) at a $370.00 strike. The total cost received by the writing party (or parties) was $53.6K, with a price of $10739.0 per contract. There were 418 open contracts at this strike prior to today, and today 14 contract(s) were bought and sold. 
• For BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we notice a call option trade that happens to be bullish, expiring in 106 day(s) on September 19, 2025. This event was a transfer of 1 contract(s) at a $5200.00 strike. The total cost received by the writing party (or parties) was $62.4K, with a price of $62470.0 per contract. There were 59 open contracts at this strike prior to today, and today 4 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BKNG

BURL

BYON

CVNA

DASH

TSLA

8 Consumer Discretionary Stocks Whale Activity In Today's Session

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has entered its <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45772932/bitcoins-post-golden-cross-correction-playing-out-benjamin-cowen-flags-signs-of-q3-weakness">first meaningful correction</a> in nearly two months, falling from an all-time high of $111,880 amid rising macroeconomic uncertainty and unprecedented leverage in derivatives markets.
What Happened: The pullback marks a pivotal moment for investors, as mounting sell pressure, profit-taking by seasoned holders and surging options activity point to elevated volatility ahead.
The correction coincides with rising macroeconomic risk and increasingly aggressive positioning in the derivatives market.
One of the key catalysts was a surprise legal decision in the United States, where the Court of Appeals temporarily halted a ruling against government-imposed tariffs. 
The move triggered a spike in 30-year Treasury yields above 5%, prompting a broad sell-off across risk assets, including cryptocurrencies.
Bitcoin&#8217;s options market reflects this nervousness. 
Open interest on BTC options reached a record $49.4 billion, <a href="https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-thi-truong-day-bien-dong-dang-cho-phia-truoc/">according</a> to Bitfinex Alpha, highlighting increased institutional activity and growing demand for both speculation and downside protection following the recent all-time high.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45767539/anthony-scaramucci-says-sam-bankman-frieds-25-year-sentence-is-too-steep">Anthony Scaramucci Says Sam Bankman-Fried&#8217;s 25-Year Sentence Is &#8216;Too Steep&#8217;</a>
Why It Matters: On-chain metrics add further cause for caution.
The Relative Unrealised Profit index has exceeded +2 standard deviations, a level historically associated with short-term market tops and intraday volatility. 
According to Bitfinex analysts, this reflects a market entering an overheated phase, driven in part by profit-taking from long-term holders.
Broader macroeconomic indicators are also flashing warnings. U.S. consumer spending declined sharply in April, with households prioritizing savings amid concerns over inflation and future tariff-related costs. 
Imports fell nearly 20% in the same month, shrinking the trade deficit by 46%, yet corporate inventories and capital goods orders remained weak, signaling reduced investment appetite.
Labor market data is no more reassuring. Jobless claims are now at their highest levels since 2021, and corporate earnings fell in the first quarter. 
Business confidence has slipped, and hiring plans are being scaled back. 
Even a temporary trade truce between the U.S. and China has failed to restore lasting confidence.
Despite the pullback, crypto adoption continues to gain momentum in traditional finance. 
Meme-stock giant GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) allocated $513 million to Bitcoin as part of a strategic diversification move. 
While notable, the decision has sparked concern among investors about the firm's limited crypto expertise and the volatility of the asset class.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45757170/trump-branded-crypto-wallet-sparks-controversy-trump-family-denies-involvement">Trump-Branded Crypto Wallet Sparks Controversy, Trump Family Denies Involvement</a></li>
</ul>
Image: Shutterstock

Bitcoin At $105,000: Bull Market Correction Or Bear Market Beginning?

*Update Was To Reflect Scheduled Earnings For June 10, 2025 After Market Close

Markets

Trading Ideas

UPDATED: GameStop Option Alert: Fri $32.5 Calls Sweep (4) near the Ask: 1000 @ $0.49 vs 2881 OI; Earnings 6/10 After Close [est] Ref=$30.59

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$360.00</td>
<td>$69.4K</td>
<td>13.4K</td>
<td>45.9K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/06/25</td>
<td>$205.00</td>
<td>$65.7K</td>
<td>4.6K</td>
<td>5.1K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$35.00</td>
<td>$45.9K</td>
<td>10.9K</td>
<td>1.5K</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$115.00</td>
<td>$29.1K</td>
<td>4.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$67.00</td>
<td>$36.8K</td>
<td>52</td>
<td>786</td>
</tr>
<tr>
<td>EAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$140.00</td>
<td>$26.0K</td>
<td>4.0K</td>
<td>583</td>
</tr>
<tr>
<td>DASH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/13/25</td>
<td>$210.00</td>
<td>$40.9K</td>
<td>1.1K</td>
<td>488</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$400.00</td>
<td>$26.1K</td>
<td>1.2K</td>
<td>156</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$51.00</td>
<td>$50.9K</td>
<td>795</td>
<td>123</td>
</tr>
<tr>
<td>DKNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$35.00</td>
<td>$37.5K</td>
<td>2.8K</td>
<td>103</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on June 6, 2025. This event was a transfer of 250 contract(s) at a $360.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $69.4K, with a price of $278.0 per contract. There were 13453 open contracts at this strike prior to today, and today 45900 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be neutral, expiring in 4 day(s) on June 6, 2025. This event was a transfer of 274 contract(s) at a $205.00 strike. The total cost received by the writing party (or parties) was $65.7K, with a price of $240.0 per contract. There were 4670 open contracts at this strike prior to today, and today 5167 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option sweep with bearish sentiment. It expires in 46 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $35.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $45.9K, with a price of $230.0 per contract. There were 10926 open contracts at this strike prior to today, and today 1569 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a put option trade that happens to be bullish, expiring in 46 day(s) on July 18, 2025. This event was a transfer of 47 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $620.0 per contract. There were 4089 open contracts at this strike prior to today, and today 1044 contract(s) were bought and sold. 
• For SIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on June 6, 2025. This event was a transfer of 93 contract(s) at a $67.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $36.8K, with a price of $384.0 per contract. There were 52 open contracts at this strike prior to today, and today 786 contract(s) were bought and sold. 
• For EAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>), we notice a put option sweep that happens to be bearish, expiring in 74 day(s) on August 15, 2025. This event was a transfer of 65 contract(s) at a $140.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $400.0 per contract. There were 4031 open contracts at this strike prior to today, and today 583 contract(s) were bought and sold. 
• For DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we notice a call option sweep that happens to be bearish, expiring in 11 day(s) on June 13, 2025. This event was a transfer of 65 contract(s) at a $210.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $40.9K, with a price of $630.0 per contract. There were 1167 open contracts at this strike prior to today, and today 488 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a call option sweep with bearish sentiment. It expires in 74 day(s) on August 15, 2025. Parties traded 87 contract(s) at a $400.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $298.0 per contract. There were 1290 open contracts at this strike prior to today, and today 156 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a call option trade with bearish sentiment. It expires in 228 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $51.00 strike. The total cost received by the writing party (or parties) was $50.9K, with a price of $510.0 per contract. There were 795 open contracts at this strike prior to today, and today 123 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a put option trade with neutral sentiment. It expires in 74 day(s) on August 15, 2025. Parties traded 100 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $37.5K, with a price of $375.0 per contract. There were 2846 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

BABA

DKNG

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

The co-founder and executive chairman of Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Michael Saylor, isn&#8217;t shying away from showcasing the success of his &#8216;Bitcoin Treasury&#8217; gambit, which is now several years in the making, with a handful of copy-cats in the fray.
What Happened: On Sunday, Saylor took to X, sharing a chart showing the 3-month performance of different stocks, commodities, and cryptocurrencies, which of course, included Microstrategy, which now conducts business under the brand name of &#8216;Strategy.&#8217;
The chart shows the company&#8217;s 44% 3-month return, far outpacing the Magnificent 7 stocks, which, barring Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are either flat or have witnessed steep declines during this period.
Here&#8217;s a comparison between Strategy Inc. and each of the &#8216;Mag 7&#8217; stocks over the past three months, as well as their year-to-date performance.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">3 Month Performance</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td class="has-text-align-center" data-align="center">+47.08%</td>
<td class="has-text-align-center" data-align="center">+23.02%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td class="has-text-align-center" data-align="center">-15.61%</td>
<td class="has-text-align-center" data-align="center">-17.63%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td class="has-text-align-center" data-align="center">+18.49%</td>
<td class="has-text-align-center" data-align="center">+9.98%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td class="has-text-align-center" data-align="center">+2.48%</td>
<td class="has-text-align-center" data-align="center">-9.33%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td class="has-text-align-center" data-align="center">+18.47%</td>
<td class="has-text-align-center" data-align="center">-2.30%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">+21.71%</td>
<td class="has-text-align-center" data-align="center">-8.65%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td class="has-text-align-center" data-align="center">-1.15%</td>
<td class="has-text-align-center" data-align="center">+8.05%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td class="has-text-align-center" data-align="center">Flat</td>
<td class="has-text-align-center" data-align="center">-6.91%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45716400/pharma-bro-martin-shkreli-sees-10-trillion-potential-in-palantir-but-cautions-one-bad-quarter-and-its-down-50">&#8216;Pharma Bro&#8217; Martin Shkreli Sees $10 Trillion Potential In Palantir, But Cautions: &#8216;One Bad Quarter And It&#8217;s Down 50%&#8217;</a>
The stock has outpaced even Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq, and the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
Most importantly, however, the stock has outpaced Bitcoin, which grew 22% during these three months, or just about half of what Strategy has delivered to its investors.
Saylor showcased this performance while cheekily writing &#8220;your portfolio needs a strategy&#8221; in his X post. Replies to the post, however, pointed out that he conveniently missed out on Bitcoin miner, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), and GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), another treasury firm, which have posted returns of 2.4% and 22.13% during this period.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Your portfolio needs a Strategy. <a href="https://t.co/TbtnJ9E1qT">pic.twitter.com/TbtnJ9E1qT</a>
&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1929237352834085223?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This is rather surprising, since the company&#8217;s rise to prominence in recent years has been tied entirely to it becoming a proxy for Bitcoin. Starting in 2020, when it first pioneered the concept of corporate &#8220;Bitcoin Treasury,&#8221; the stock has since been <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40155839/bitcoin-development-company-microstrategy-plunges-almost-15-in-pre-market-whats-going-on">referred to as</a> a &#8220;Bitcoin Development Company.
However, it has long traded at a premium to its Bitcoin holdings, at 256% during November last year, which analysts attributed to its &#8220;Bitcoin Yield Strategy.&#8221; This is a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">controversial performance indicator</a> that highlights the ratio between its Bitcoin holdings and diluted equity shares.
According <a href="https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-deconstructing-strategy-mstr-premium-leverage-and-capital-structure/">to</a> a report by VanEck, Strategy still trades at a 112% premium to the face value of its Bitcoin holdings, which it attributes to the leverage it employs by issuing convertible debt and equity to fund its aggressive Bitcoin purchases.
In recent months, as tech stocks, along with broader markets, reel from trade and tariff-related uncertainties, Strategy continues to gain, with rising Bitcoin prices, which investors look upon as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44787283/is-bitcoin-a-safe-haven-if-ray-dalios-worse-than-a-recession-warning-comes-true">potential safe haven</a> during a recession.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">3 Month Performance</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td class="has-text-align-center" data-align="center">+47.08%</td>
<td class="has-text-align-center" data-align="center">+23.02%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>)</td>
<td class="has-text-align-center" data-align="center">+5.73%</td>
<td class="has-text-align-center" data-align="center">-3.34%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</td>
<td class="has-text-align-center" data-align="center">+2.39%</td>
<td class="has-text-align-center" data-align="center">-17.95%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)</td>
<td class="has-text-align-center" data-align="center">+22.13%</td>
<td class="has-text-align-center" data-align="center">-2.80%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Global X Blockchain &amp; Bitcoin Strategy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITS#NASDAQ">BITS</a>)</td>
<td class="has-text-align-center" data-align="center">+10.55%</td>
<td class="has-text-align-center" data-align="center">-8.53%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</td>
<td class="has-text-align-center" data-align="center">+21.59%</td>
<td class="has-text-align-center" data-align="center">+7.39%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Shares of Strategy were down 0.43% on Friday, trading at $369.06, and are down 0.09% after hours on Monday.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1024x137.png" alt="" class="wp-image-934885" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM.png 1618w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Strategy scores high on Momentum, but low on all other metrics. It does, however, feature a favorable price trend in the short, medium, and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/06/45716143/trump-administration-set-to-ease-big-bank-rules-in-major-rollback-since-2008-crisis-here-are-the-stocks-and-etfs-investors-could-consider">Trump Administration Set To Ease Big Bank Rules In Major Rollback Since 2008 Crisis: Here Are The Stocks And ETFs Investors Could Consider</a></li>
</ul>
Photo courtesy: PJ McDonnell / Shutterstock.com

AAPL

BITS

GOOG

IBIT

MAGS

MSFT

NVDA

Michael Saylor's Strategy Outperforms Apple, Tesla, Amazon And Other Mag 7 Stocks And It's Not Even Close: Has The 'Bitcoin Treasury' Bet Paid Off?

GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) has outperformed the market over the past 5 years by 81.59% on an annualized basis producing an average annual return of 95.44%. Currently, GameStop has a market capitalization of $13.30 billion. 
Buying $100 In GME: If an investor had bought $100 of GME stock 5 years ago, it would be worth $2,886.20 today based on a price of $29.74 for GME at the time of writing.
<h3>GameStop's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748637912_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 5 Years Ago, You Would Have This Much Today

Matt Cole, CEO of Strive Asset Management, publicly called on tech behemoth Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) on Wednesday to buy Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for its balance sheet.
What happened: Cole dialed the company from the Bitcoin 2025 conference in Las Vegas, listing the benefits of adding Bitcoin to corporate reserves.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JUST IN: &#x1f1fa;&#x1f1f8; Strive CEO Matt Cole calls Mark Zuckerberg's Meta to buy <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> for their balance sheet. Bitcoin is good for corporations &#x1f64c; <a href="https://t.co/T0eoTVFhjw">pic.twitter.com/T0eoTVFhjw</a>
&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1927783863398412702?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"The reality is that the corporate balance sheet in cash and short-term reserves is losing its ability to generate value for shareholders almost every single day," Cole said, citing a "global fiat debt crisis." Cole also highlighted potential disruptions from artificial intelligence over the next ten years.
Cole addressed Mark Zuckerberg, stating that the CEO had already done step one by <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21051620/facebook-ceo-mark-zuckerberg-sparks-bitcoin-speculation-as-he-reveals-the-name-of-his-pet-">naming his goat &#8220;Bitcoin.&#8221;</a>&nbsp;
&#8220;You have already done step one. You have named your goat Bitcoin,&#8221; Cole stated. &#8220;My ask is that you take step two and adopt a bold corporate Bitcoin treasury strategy," Cole added.
Meta didn't immediately return Benzinga's request for comment.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>
Why It Matters: Earlier in January, Meta shareholders had <a href="https://www.benzinga.com/general/market-summary/25/01/42967576/meta-investors-push-mark-zuckerberg-to-replace-72b-cash-with-bitcoin-to-combat-inflation-heres-what-it-means-for-investors">reportedly requested</a> the company's board to conduct an assessment and determine if adding Bitcoin was in its best interest.
Strive, co-founded by entrepreneur-turned-politician Vivek Ramaswamy, is an asset management firm known for its advocacy and optimism about Bitcoin.
It previously <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43963817/gamestop-themed-cryptos-soar-after-vivek-ramaswamy-co-founded-firms-ceo-urges-bitcoin-investment-graduate-from-being-meme-stock-to-sector-leader">sent a letter</a> to video game retailer GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), recommending it add Bitcoin to its reserves. Earlier this week, the company <a href="https://www.benzinga.com/content/45684091/gamestop-buys-bitcoin-smart-strategy-or-big-mistake">made its first purchase</a>, buying 4,700 BTC for $512.6 million.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $106,010.69, down 0.91% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Shares of Meta were down 0.70% in after-hours trading after closing 0.23% higher at 645.05 during Thursday&#8217;s regular trading session.
It demonstrated a very high growth score— a measure of a stock&#8217;s combined historical expansion in earnings and revenue across multiple time periods,—as of this writing. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> can help you determine how it compares to other &#8220;Magnificent 7&#8221; stocks.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="511" height="196" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30004928/Screenshot-2025-05-30-101859.png" alt="" class="wp-image-932516" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30004928/Screenshot-2025-05-30-101859.png 511w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30004928/Screenshot-2025-05-30-101859-300x115.png 300w" sizes="(max-width: 511px) 100vw, 511px" /></a></figure>
Photo Courtesy: Kemarrravv13 on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45611404/anthony-scaramucci-remains-firm-on-bitcoin-as-the-best-investment-idea-even-as-the-largest-crypto-hovers-around-109000">Anthony Scaramucci Remains Firm On Bitcoin As The Best Investment Idea Even As The Largest Crypto Hovers Around $109,000</a></li>
</ul>

Mark Zuckerberg Already Made It To 'Step 1' By Naming His Goat Bitcoin — Now Investor Dials Meta To Ask Him To Add BTC To Company's Reserves

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) keeps climbing, some public companies aren't just watching from the sidelines &#8211; they're quietly <a href="https://www.benzinga.com/crypto">raking in billions</a> just by holding it.
From household names like Tesla Inc. (NASDAQ: TSLA) and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) to surprise entries like Semler Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) and Next Technology Holding Inc. (NASDAQ: NXTT), companies that bought Bitcoin early are now enjoying eye-popping gains.
The key? It's not just how much Bitcoin they own &#8211; it's how early and how cheaply they got in.
Let's break down which companies are winning the most from their Bitcoin bets.
<h2 class="wp-block-heading">MicroStrategy: The Ultimate Bitcoin Whale</h2>
No surprises here &#8211; MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) remains the corporate king of Bitcoin. The company holds over 580,000 Bitcoins, and its investment has <a href="https://bitcointreasuries.net/">grown</a> from a $40.6 billion cost to more than $63 billion in value.
That's more than $22 billion in unrealized profit. With over 60% of its market value now tied to Bitcoin, MicroStrategy has become a proxy for crypto exposure on Wall Street.
<h2 class="wp-block-heading">Tesla: Silent Holder, Big Profits</h2>
Elon Musk's Tesla might not talk much about crypto these days, but it certainly knows how to make it count. The EV giant scooped up 11,509 Bitcoins for just $386 million. That same stash is now worth $1.25 billion &#8211; a gain of more than 220%.
For a trillion-dollar company, it's a small position but a massive return.
<h2 class="wp-block-heading">Block: Square's Bitcoin Is Multiplying</h2>
Jack Dorsey's Block, formerly Square, took an early leap into Bitcoin. And it paid off. 
The company's 8,584 Bitcoin holdings have nearly quadrupled in value—from $261 million to over $930 million. While it&#8217;s best known for payments and fintech, Bitcoin is becoming a major part of the story.
Read Also: <a href="https://www.benzinga.com/general/education/25/05/45656079/microsoft-passed-on-bitcoin-while-gamestop-jumped-in-whos-laughing-now">Microsoft Passed On Bitcoin While GameStop Jumped In: Who&#8217;s Laughing Now?</a>
<h2 class="wp-block-heading">GameStop: From Meme To Bitcoin Holder</h2>
GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is back in the headlines, this time not for short squeezes but for Bitcoin. The company recently acquired 4,710 Bitcoins, which are now worth over $511 million.
While the purchase price is unknown, the valuation suggests GameStop bought in at an opportune time. With over 3.5% of its market value in Bitcoin, it's the latest unexpected name betting on crypto.
<h2 class="wp-block-heading">Next Technology: A Quiet Crypto Play With Loud Results</h2>
Next Technology might not be a household name, but it's one of the biggest Bitcoin gainers on the list. Its 5,833 Bitcoin investment &#8211; originally worth just $183 million &#8211; is now valued at over $633 million.
That's a gain of more than 240%, making it one of the stealthiest winners in the corporate Bitcoin world.
<h2 class="wp-block-heading">Semler Scientific: From Medical Devices To Digital Gold</h2>
In a move that turned heads, Semler Scientific bought 4,264 Bitcoins worth nearly $463 million. With a market cap of just over $500 million, almost 90% of the company's value is now tied to Bitcoin. It's one of the boldest moves among small-cap companies &#8211; and it could pay off handsomely if Bitcoin keeps rising.
While miners like MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) have long held Bitcoin as part of their operations, it&#8217;s the companies that bought Bitcoin early and cheaply that are seeing the biggest windfalls. Whether they're tech giants, medical firms, or meme stocks, these Bitcoin believers are proving that timing really is everything.
As corporate treasuries evolve, don't be surprised if more firms follow suit. With returns like these, sitting on Bitcoin might just be the best investment decision they've ever made.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/restaurants/25/05/45660000/steak-n-shake-thanks-bitcoin-for-higher-sales-lower-fees-and-its-celebrating-with-blockchain-menu">Steak &#8216;N Shake Thanks Bitcoin For Higher Sales, Lower Fees — And It&#8217;s Celebrating With &#8216;Blockchain Menu&#8217;</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Next Technology Holding Inc. - Ordinary Shares

NXTT

RIOT

SMLR

Tesla, Block Ride Bitcoin Boom As MicroStrategy Goes All In

Video game retailer GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) became one of the newest companies to buy Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for <a href="https://www.benzinga.com/topic/bitcoin">its balance sheet.</a>
The move comes months after the world's largest company Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42421374/microsoft-shareholders-reject-proposal-to-explore-bitcoin-investment">decided not to buy </a>Bitcoin in December.
What Happened: GameStop <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45643177/gamestop-buys-4710-bitcoins-heres-why-markets-are-watching">announced it bought </a>4,710 Bitcoin in a press release Wednesday. The move follows months of speculation and reports the company was preparing to invest some of its billions of dollars in cash into the leading cryptocurrency.
The company joins the growing likes of MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) that wish to have Bitcoin on the balance sheet instead of cash as a hedge against inflation or with the belief that Bitcoin&#8217;s price will continue to go up.
MicroStrategy Chairman Michael Saylor has been a vocal Bitcoin supporter and also argued that companies should be adding Bitcoin to their balance sheets.
Saylor gave a brief presentation to Microsoft's board of directors after a shareholder proposal known as "Assessment of Investing in Bitcoin" proposed that the company invest a portion of its cash and/or profits into Bitcoin as a hedge against inflation.
Microsoft's board recommended that shareholders reject the proposal due to the unpredictable price movements of Bitcoin.
Shareholders rejected the proposal, and Microsoft was left with $78.4 billion in cash and no Bitcoin purchases.
Read Also: <a href="https://www.benzinga.com/general/sports/25/02/43578857/if-you-invested-in-bitcoin-instead-of-buying-super-bowl-tickets-each-year-since-2012-heres-how-much-youd-have-today">If You Invested in Bitcoin Instead of Buying Super Bowl Tickets Each Year Since 2012, Here&#8217;s How Much You&#8217;d Have Today</a>
Missed Out Profits: While Microsoft shareholders rejected the proposal, the same investors could have watched the company's asset value grow if they had supported the purchase.
Had Microsoft invested 1% of its $78.4 billion cash balance ($784 million) into Bitcoin at the time, the company could have added 7,978 BTC, based on a high price of $98,270.16 on Dec. 10, 2024.
Today, those Bitcoin would be worth $860,524,073.14 based on a price of $107,862.13 for Bitcoin at the time of writing.
This represents a potential profit of $76.5 million in five months and a gain of 9.8% on the money invested in Bitcoin.
While that sounds like a small amount for a company valued at more than $3 trillion, it's important to remember this is based only on 1% of the company's cash and no additional Bitcoin purchases since the initial December date.
For comparison, while Bitcoin is up 9.8% over the five-month time frame, Microsoft stock is up only 1.8%.
Bitcoin has outperformed Microsoft stock over many time periods, including year-to-date, one-year and five-year returns. Bitcoin is up 15.4% year-to-date, +58.3% in one year and +1,011.7% in five years. Compare that to Microsoft stock, which is up 9.4% year-to-date, +6.5% in one year and +150.0% in five years.
More companies are expected to add Bitcoin to their balance sheets in the coming years. Microsoft may be entering later than others, but it still has time to act before broader corporate and sovereign adoption takes hold.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40946963/bitcoin-worth-63-000-pulled-in-33-pack-of-trading-cards-at-gamestop-mind-boggling-story-go">Bitcoin Worth $63,000 Pulled In $33 Pack Of Trading Cards At GameStop: &#8216;Mind-Boggling&#8217; Story Goes Viral, Highlights Crypto Redemption Card</a></li>
</ul>
Photo: creativeneko / Shutterstock.com

Education

Microsoft Passed On Bitcoin While GameStop Jumped In: Who's Laughing Now?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$365.00</td>
<td>$30.2K</td>
<td>15.6K</td>
<td>54.5K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$3.50</td>
<td>$32.0K</td>
<td>29.1K</td>
<td>4.6K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$30.00</td>
<td>$39.8K</td>
<td>95</td>
<td>762</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$35.00</td>
<td>$43.8K</td>
<td>1.4K</td>
<td>592</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$460.00</td>
<td>$58.2K</td>
<td>40</td>
<td>553</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$120.00</td>
<td>$31.7K</td>
<td>5.2K</td>
<td>339</td>
</tr>
<tr>
<td>EXPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$160.00</td>
<td>$277.0K</td>
<td>20</td>
<td>286</td>
</tr>
<tr>
<td>SONO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.00</td>
<td>$38.6K</td>
<td>326</td>
<td>271</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$310.00</td>
<td>$69.6K</td>
<td>1.7K</td>
<td>205</td>
</tr>
<tr>
<td>ULTA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$390.00</td>
<td>$25.2K</td>
<td>110</td>
<td>144</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on May 30, 2025. Parties traded 50 contract(s) at a $365.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $30.2K, with a price of $605.0 per contract. There were 15682 open contracts at this strike prior to today, and today 54585 contract(s) were bought and sold. 
• Regarding NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we observe a put option sweep with bullish sentiment. It expires in 23 day(s) on June 20, 2025. Parties traded 2000 contract(s) at a $3.50 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $16.0 per contract. There were 29118 open contracts at this strike prior to today, and today 4656 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on June 6, 2025. This event was a transfer of 200 contract(s) at a $30.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $39.8K, with a price of $199.0 per contract. There were 95 open contracts at this strike prior to today, and today 762 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a put option trade with bearish sentiment. It expires in 233 day(s) on January 16, 2026. Parties traded 49 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $43.8K, with a price of $895.0 per contract. There were 1442 open contracts at this strike prior to today, and today 592 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with neutral sentiment. It expires in 233 day(s) on January 16, 2026. Parties traded 24 contract(s) at a $460.00 strike. The total cost received by the writing party (or parties) was $58.2K, with a price of $2427.0 per contract. There were 40 open contracts at this strike prior to today, and today 553 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option trade with bearish sentiment. It expires in 233 day(s) on January 16, 2026. Parties traded 42 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $31.7K, with a price of $755.0 per contract. There were 5225 open contracts at this strike prior to today, and today 339 contract(s) were bought and sold. 
• Regarding EXPE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), we observe a call option sweep with bearish sentiment. It expires in 142 day(s) on October 17, 2025. Parties traded 125 contract(s) at a $160.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $277.0K, with a price of $2215.0 per contract. There were 20 open contracts at this strike prior to today, and today 286 contract(s) were bought and sold. 
• For SONO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONO#NASDAQ">SONO</a>), we notice a call option sweep that happens to be bullish, expiring in 233 day(s) on January 16, 2026. This event was a transfer of 184 contract(s) at a $10.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $38.6K, with a price of $210.0 per contract. There were 326 open contracts at this strike prior to today, and today 271 contract(s) were bought and sold. 
• For MCD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), we notice a put option sweep that happens to be bearish, expiring in 23 day(s) on June 20, 2025. This event was a transfer of 162 contract(s) at a $310.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $69.6K, with a price of $430.0 per contract. There were 1762 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold. 
• For ULTA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>), we notice a put option trade that happens to be bullish, expiring in 2 day(s) on May 30, 2025. This event was a transfer of 79 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $320.0 per contract. There were 110 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EXPE

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SONO

ULTA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

After a sharp Tuesday rally fueled by optimism over improved U.S.-EU trade ties, Wall Street stalled midweek as rising Treasury yields reasserted pressure ahead of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&#8217;s earnings report and the release of<a href="https://www.benzinga.com/topic/federal-reserve"> key Federal Reserve minutes.</a>
Major U.S. stock indexes paused on Wednesday, digesting recent gains as yields on longer-term Treasury bonds resumed their climb. The S&amp;P 500 slipped 0.2% to 5,900 points by midday in New York, while the tech-heavy Nasdaq 100 held flat. Small-cap stocks underperformed sharply, with the Russell 2000 down 0.8%.
Sector performance was broadly negative, with 9 of the 11 S&amp;P 500 sectors trading lower. Technology and communication services were the only sectors managing to avoid losses. 
All eyes are on Nvidia, which is set to report earnings after Wednesday's closing bell. Wall Street expects earnings per share of 88 cents and revenue of $43.2 billion, according to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a> estimates.
Beyond the headline figures, investors will be closely watching two key aspects: the impact of the U.S. export ban on the H20 chips destined for China and the forward guidance. CEO Jensen Huang already said the company could face a $5 billion annual earnings hit due to export restrictions, making this quarter&#8217;s outlook pivotal for market sentiment.
The Federal Reserve's minutes from its May meeting will also be released. The Federal Open Market Committee left rates unchanged in the 4.25%-4.50% range. Chair Jerome Powell signaled little urgency to cut rates, citing inflation risks partly tied to newly proposed trade tariffs.
Markets will parse the minutes for hints on the Fed's timeline for easing monetary policy, particularly as inflation data remains stubbornly elevated.
After a brief relief, bond markets came under renewed pressure. The yield on the 30-year Treasury note climbed 5 basis points to 5%, while the 10-year yield rose to 4.5%. Investors remain concerned about the trajectory of U.S. fiscal policy, with swelling budget deficits raising doubts about long-term debt sustainability.
The U.S. dollar rallied for a second straight session, decoupling from other U.S. assets. Meanwhile, gold slipped 0.2%, dipping below $3,300 per ounce. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 2%, trading near $107,000 as speculative appetite in cryptocurrencies waned.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,427.45</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,908.48</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,230.96</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,074.61</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:10 p.m. ET</figcaption></figure>
According to&nbsp;Benzinga Pro&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.2% down to $589.76.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.3% to $422.71.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;held steady at $521.25.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.8% to $206.15.</li>
<li>The&nbsp;Communication Select&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 0.2%; the&nbsp;Utilities&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.3%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul class="wp-block-list">
<li>Vail Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) rallied over 12% – on pace for the strongest one-day rally since March 2020 – after the company announced the reappointment of Rob Katz as CEO. </li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell almost 10% after announcing the purchase of 4,710 Bitcoin.</li>
</ul>
Stocks reacting to earnings reports include: 
<ul class="wp-block-list">
<li>HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) up 6.67%</li>
<li>Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) down 14.62%</li>
<li>DICK&#8217;S Sporting Goods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) up 1.89%</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) up 18.83%</li>
<li>Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) up 1.46%</li>
<li>Capri Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>) up 3.45%</li>
</ul>
Stocks slated to report earnings after the close include Nvidia Corp, Agilent Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>), Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), e.l.f. Beauty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), nCino Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>), C3.ai Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>), Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>), and SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>).
Now Read:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45645056/gold-etf-bleeds-money-at-fastest-pace-in-3-years-is-the-safe-haven-trade-over">Gold ETF Bleeds Money At Fastest Pace In 3 Years — Is The Safe-Haven Trade Over?</a></li>
</ul>
Image: Shutterstock

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Wall Street Stalls As Treasury Yields Climb Again Ahead Of Nvidia Earnings, Fed Minutes: What's Driving Markets Wednesday?

WIIM

GME stock has given up its prior gain. GameStop shares were trading higher after the company purchased 4,710 Bitcoin.

<ul>
<li>NVDA</li>
<li>TSLA</li>
<li>UNH</li>
<li>BULL</li>
<li>GLD</li>
<li>MSTR</li>
<li>$BTC</li>
<li>GME</li>
<li>RDDT</li>
<li>GOOGL</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

BULL

GOOGL

RDDT

Top 10 Trending Stocks On WallStreetBets As Of May 28, 2025 (Via Swaggy Stocks)

GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares surged Wednesday in premarket trading after the company announced the purchase of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45639344/gamestop-announces-purchase-of-bitcoin" rel="noreferrer noopener">4,710</a> Bitcoins (CRYPTO: BTC/USD), marking a significant step in its pivot toward digital assets.
This acquisition follows GameStop&#8217;s earlier decision to adopt Bitcoin as a treasury reserve asset, a move confirmed during its fourth-quarter <a target="_blank" href="https://www.benzinga.com/general/gaming/25/03/44482313/gamestop-q4-earnings-revenue-miss-eps-beat-shares-surge-as-board-approves-bitcoin-as-treasury-reserve-asset" rel="noreferrer noopener">earnings</a> release.
As of May 27, 2025, the leading cryptocurrency <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45635733/bitcoin-ethereum-dogecoin-gain-after-trump-medias-planned-btc-investment-consumer-optimism-analyst-says-this-large-crypto-is-best-play-in-base-portfolio-at-the-moment">briefly surged </a>above $110,000 before retreating to the $108,000 range overnight. GameStop did not disclose the average purchase price of its 4,710 Bitcoins.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/05/45567005/strategy-mstr-stock-rises-on-2-1b-preferred-stock-offering-bitcoin-all-time-high" rel="noreferrer noopener">Strategy (MSTR) Stock Rises On $2.1B Preferred Stock Offering, Bitcoin All-Time High</a>
In its fourth-quarter results, GameStop reported revenue of $1.28 billion, down 28% year-over-year and below analyst expectations. Adjusted earnings per share came in at 30 cents, beating the consensus estimate of eight cents.
In a separate <a href="https://www.benzinga.com/pressreleases/25/03/g44481289/gamestop-announces-update-to-its-investment-policy-to-add-bitcoin-as-a-treasury-reserve-asset" target="_blank" rel="noreferrer noopener">announcement</a>, the board reaffirmed its commitment to Bitcoin, approving its formal inclusion as a treasury reserve asset.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/25/05/45611864/trump-media-group-reportedly-plans-to-raise-3-billion-to-buy-cryptocurrencies-borrowing-a-page-from-mstr-" rel="noreferrer noopener">Trump Media Group Reportedly Plans To Raise $3 Billion To Buy Cryptocurrencies: &#8216;Borrowing A Page&#8217; From MSTR Playbook, Says Peter Schiff</a>
GameStop&#8217;s renewed embrace of digital assets comes as it looks to reshape its financial strategy amid declining core revenue.
The company&#8217;s adoption of Bitcoin reflects a broader corporate trend, with firms like MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), and Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) also integrating digital assets into their treasuries as a diversification tool and a hedge against traditional market volatility.
Related: <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/05/45641767/strategy-metaplanet-continue-bitcoin-treasury-push-but-the-pace-is-slowing" rel="noreferrer noopener">Strategy, Metaplanet Continue Bitcoin Treasury Push But The Pace Is Slowing</a>
Price Action: At the last check on Wednesday, GME shares were trading higher by 2.20% at $35.78 premarket.
Read Next:
<a target="_blank" href="https://www.benzinga.com/25/05/45638708/donald-trump-jr-reveals-how-getting-de-banked-de-insured-led-him-and-eric-trump-to-orange-pill-their-dad-on-crypt" rel="noreferrer noopener">Donald Trump Jr. Reveals How Getting &#8216;De-Banked,&#8217; &#8216;De-Insured&#8217; Led Him And Eric Trump To &#8216;Orange Pill&#8217; Their Father On Crypto</a>
Photo: Shutterstock

GameStop Buys 4,710 Bitcoins — Here's Why Markets Are Watching

GameStop shares are trading higher after the company purchased 4,710 Bitcoin.

GameStop Purchases 4,710 Bitcoin

APTV

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Shares of companies within the broader consumer discretionary sector are trading higher, possibly amid overall market strength after President Trump delayed 50% EU tariffs to July.

Shares of GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) are trading higher Tuesday, continuing a recent uptrend that appears to be fueled by renewed interest from retail investors as well as upward momentum <a href="https://www.benzinga.com/news/25/05/45569674/gamestop-gme-stock-is-rising-thursday-whats-going-on">in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a>.
What To Know: GameStop shares have gained attention following the company&#8217;s decision earlier this year to adopt Bitcoin as a treasury reserve asset, a move that appears to have helped shares in recent weeks. As Bitcoin surged to new all-time highs last week, retail traders appeared to revisit the name, long considered a meme stock with speculative ties.
GameStop's pivot toward Bitcoin came after months of speculation, beginning with a <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43605313/gamestop-stock-is-surging-monday-whats-going-on">photo</a> of CEO Ryan Cohen alongside Strategy chairman Michael Saylor, the most prominent corporate Bitcoin advocate.
GameStop previously made a push into the crypto space with the launch of wallets that let users manage crypto and non-fungible tokens (NFTs) and also provided access to GameStop&#8217;s NFT marketplace. However, the company closed down the offering in 2023 due to <a href="https://www.benzinga.com/markets/cryptocurrency/23/08/33511904/gamestop-cites-regulatory-uncertainty-drops-ios-chrome-extension-crypto-wallet-support" target="_blank" rel="noreferrer noopener">"regulatory uncertainty."</a>
The company confirmed the rumors during its <a href="https://www.benzinga.com/general/gaming/25/03/44482313/gamestop-q4-earnings-revenue-miss-eps-beat-shares-surge-as-board-approves-bitcoin-as-treasury-reserve-asset">fourth-quarter earnings release</a> in March by updating its investment policy to include Bitcoin holdings. While revenue fell short at $1.28 billion, earnings per share beat expectations and net income more than doubled. The company also ended the quarter with $4.78 billion in cash and equivalents, putting it in a strong position to execute on its new digital asset strategy. GameStop shares are now up about 38% over the past three months.
Meanwhile, AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares jumped more than 23% on Tuesday after the company <a href="https://www.benzinga.com/25/05/45616728/amc-entertainment-stock-is-rising-tuesday-whats-going-on">reported strong attendance and revenue</a> over the holiday weekend. AMC said it welcomed over seven million guests globally and recorded its highest food and beverage sales for any five-day period this decade. The surge was driven by strong openings for films like Lilo &amp; Stitch and Mission: Impossible — The Final Reckoning, marking what CEO Adam Aron called a turning point for the theater industry.
The coordinated rise in GameStop and AMC shares on Tuesday comes as no surprise to traders familiar with their trading history. Both have been central to meme-stock rallies in recent years and often move in tandem, driven by retail investor momentum and speculative sentiment. With Bitcoin breaking all-time highs and moviegoers returning in record numbers, GameStop and AMC are once again catching the attention of traders looking for outsized moves. 
GameStop is trending on various social platforms as traders highlight technical momentum paired with continued short selling in the name. Gamestop has short interest of 11.93%, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
GME Price Action: GameStop shares were up 4.91% at $34.58 at the time of publication Tuesday, according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45616116/trumps-tariffs-may-trigger-an-inflation-shock-but-not-a-lasting-one-goldman-sachs-says">Trump&#8217;s Tariffs May Trigger An Inflation Shock &#8211; But Not A Lasting One, Goldman Sachs Says </a></li>
</ul>
Image via Shutterstock.

Movers

GameStop Stock Is Rising Again: What's Going On?

Press Releases

GameStop Announces Release Date for Fourth Quarter Fiscal 2024 Results

Dyadic (NASDAQ: DYAI) Secures $3M Gates Foundation Grant to Advance Global Vaccines & Therapeutics with C1 Fungal Platform – More Stocks Inside

1606 Corp's (OTC: CBDW) AI to Disrupt $327.6B Gas Station Store & $1.2T Waste Management Industries

Earnings

GameStop Reports Fourth Quarter and Fiscal Year 2024 Results

GameStop Announces Update to its Investment Policy to Add Bitcoin as a Treasury Reserve Asset

GameStop Announces Proposed Private Offering of $1.3 Billion of Convertible Senior Notes

Financing

GameStop Announces Pricing of Private Offering of $1.3 Billion of Convertible Senior Notes

January 2021: Elon Musk's "Use Signal" Tweet Sent Signal Advance (SIGL) Soaring – Sparks a Stock Revolution

GameStop Announces Purchase of Bitcoin

GameStop Announces Release Date for First Quarter Fiscal 2025 Results

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BENZINGA MONDIAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:31 PMMay 19, 2025	PUT	$110.00	Jan 16, 2026	221	667	65	1419	47	TRADE	BULLISH
03:29 PMMay 19, 2025	PUT	$105.00	Jan 16, 2026	221	571	75	40	1410	TRADE	BULLISH
03:14 PMMay 19, 2025	PUT	$105.00	Jan 16, 2026	221	183	70	13	1410	SWEEP	BULLISH
02:53 PMMay 19, 2025	PUT	$115.00	Jan 16, 2026	221	234	60	4680	5	TRADE	BULLISH
02:53 PMMay 19, 2025	PUT	$115.00	Jan 16, 2026	221	174	60	3480	5	TRADE	BULLISH