@GregIsKitty Yes. USD Stablecoins will be run on Ethereum and Solana. Those two chains are now a strategic and national security issue. Have to secure those networks to export dollars to thr world.
WHAT IS TEDDY?
Everyone knows GameStop. Most people know Ryan Cohen, the CEO of GameStop who founded Chewy.
But did you know that since 2022, Ryan Cohen has quietly run an online bookstore called https://t.co/oaPe4EnB4M?
It sold children's books, stories inspired by his late father Ted Cohen and the lessons he taught him about work ethic, delayed gratification, and doing things the right way.
Except it's been the single biggest unresolved question in this entire saga.
And this week, it started resolving.
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Let me take you back.
In January 2022, Ryan Cohen began accumulating a position in Bed Bath & Beyond.
That same month, an entity called Teddy Holdings LLC filed trademarks with the USPTO for children's books, but also across a wider range of consumer categories.
By August 2022, Teddy Holdings had filed marks in line with BBBY and $GME ’s businesses respectively and one that stood out from the rest: "Provision of an online marketplace for buyers and sellers of goods and services."
The online marketplace classification had actually been filed even earlier, August 2021 with a first-use date of July 2021.
Before Cohen touched BBBY.
Before GameStop pivoted into collectibles.
Before $EBAY was ever mentioned.
The very first thing Teddy was, in the trademark record, was an online marketplace.
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https://t.co/cjwOvO6VdH went live as a children's bookstore November 19th, 2022.
Cohen exited his BBBY equity position in August 2022.
Rumours swirled that he had secretly taken a position in the BBBY bankruptcy through Teddy Holdings and that Teddy was being set up to acquire the brand and revitalize it.
This speculation even aired on CNBC before being dismissed.
BBBY's IP was sold to Overstock but the company renamed itself DK-Butterfly-1, Inc. and entered liquidation carrying approximately $3.5 billion in net operating losses.
A significant amount of time and legal effort went into preserving those NOLs through the bankruptcy process.
And then nothing.
The bookstore stayed up.
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Three years passed.
Under IRC ��382, a corporation's net operating losses are tested against a three-year lookback window for changes in ownership.
That window matters because a change above certain thresholds severely limits how those NOLs can be used going forward. Three years of stability preserves the asset.
Then Teddy woke up.
On March 2, 2026, Teddy Holdings filed a fresh Class 35 online marketplace trademark.
Two months later, on May 4, GameStop proposed acquiring eBay for $55.5 billion.
'Half-cash, half-stock'
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THE RECENT UPDATES:
On the All In podcast, Cohen laid out three strategic pillars for eBay and said the third one was something he had never publicly discussed before: a digital collectibles marketplace.
Teddy Holdings had filed a trademark for exactly that category in August 2022: "Provision of an online marketplace for buyers and sellers of downloadable digital art images, music, and videos authenticated by non-fungible tokens."
And then, in the last few weeks, https://t.co/oaPe4EnB4M started moving.
June 1: password-gated on Shopify.
Last week: DNS migrated to Cloudflare.
Two days ago: https://t.co/oaPe4EnB4M now redirects to https://t.co/BQoUHvres4.
The children's bookstore is GONE.
The domain that has been the biggest open question in this story for three years now points DIRECTLY to GameStop and five days before the July 7 annual meeting where shareholders vote on Proposal 5: increasing GameStop's authorized shares from ~448 million to 2.5 billion.
That authorization is the mechanical enabler of a stock-heavy bid against a target five times GameStop's size.
And it authorizes roughly ten times the shares one eBay deal would need.
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WHERES THE INFO?
GameStop said it would release a detailed presentation and strategic rationale for the combined company. It's been eight days. Nothing on Investor Relations. Nothing new on EDGAR. Just the 425s.
Teddy Holdings LLC has held online marketplace IP since 2021.
It filed a digital collectibles marketplace mark in 2022 in the exact category Cohen would call his never-before-discussed third pillar four years later.
It refiled its marketplace mark two months before the eBay bid.
It owns https://t.co/jWuPImmRaD as a standalone online-marketplace trademark.
And this week, five days before the vote, its domain is being staged onto infrastructure that preserves the option to serve something new at any moment.
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There’s precedent for this as well.
During the 2024 proxy fight between Disney and Nelson Peltz’s Trian Partners, Disney launched a dedicated microsite at https://t.co/51VvLLZk3q where it hosted branded content explaining the board’s case directly to retail shareholders and instructing them how to vote.
Animated videos, narrative-driven messaging, targeted specifically at the investors who would decide the outcome.
Teddy is THE most important piece of this puzzle.
And the next five days are about to make that obvious to everyone.
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TL;DR: https://t.co/cjwOvO6VdH is being staged to reveal the full plan for the combined company and the next five days will prove it.
Superstonk Comment (circa 2023):
Has anyone actually considered how odd it was for a man knee deep in the reconstruction of the digital and financial infrastructure of tomorrow to take the time to write five separate children’s books?
I’ve written and published one children’s book and while it wasn’t the most difficult endeavor it was uniquely challenging enough to demand my full attention. I mean, you’re trying to speak to young minds in ways that help them successfully navigate the future so you’re going to carefully craft that message. It’s obvious that Ryan cared about these books, they celebrate his father’s name, the man who passed the wisdom of delegation of authority to him.
So RC just up and writes five children’s books and purchases a premium domain name for their distribution, a name that bares similarity to that of his first multi billion dollar online retail. He then files for every trademark under the sun for said domain name, simultaneously sells his stake in one of Americas most well known home and baby goods retailers carrying a product list that perfectly matches the trademark categories for https://t.co/Buzr59P6Up.
And prior to this Cohen first purchases a controlling stake in BBBY with a publicly filed letter of recommendations for the current board to consider, the most prominent of which being the sale of Buy Buy Baby to a third party.
And prior to this it was discovered, and peer reviewed ad naseum, that Bed Bath and Beyond is part of a basket of stocks used to hide locates and suppress the share price of Cohen’s tech giant of tomorrow, GameStop.
And prior to that it was discovered that the people responsible for price suppression are part of a consortium of bad actors who’ve paid to have legislated for them an infinite money glitch loophole by maintaining full control over price discovery by acting as market maker and institutional investor at once (when RC says he “doesn’t like the shorts” in his GMEDD interview, these are the people he’s referring to.)
I mean this is such a brilliant story one can’t help but stare in awe at times.
What are you gonna tell me next, he also took a selfie with the worlds most prolific activist investor who has a storied history of rooting out parasitic C-Suites then rebuilding the intentionally broken companies.
Are you then going to tell me that Cohen sold his shares in BBBY at the perfect time to ensure his standstill agreement allows him to hold the board accountable in perpetuity?
The market makers gave their power away long ago, to the algos. These people do not delegate authority they bow to it. You think Ken Griffin has any clue how to rewrite that code? What he does know is he’s unleashed a monster and now he’s just biding his time until the peacock comes home to roost. Caw caw Motherfucker 🏴☠️
"The credit belongs to the man who is actually in the arena."
—Theodore Roosevelt
Speech at the Sorbonne, Paris, April 23, 1910
Narrated by @DonaldJTrumpJr.