GameStop Raises $1.5B to Incorporate Bitcoin into Balance Sheet, Signaling Major Shift in Investment Strategy
GameStop Corporation has successfully completed a convertible debt offering, raising $1.5 billion, with plans to invest in Bitcoin. Initially aiming for $1.3 billion, demand led to an additional $200 million in notes. The company will use the funds for general operations, including Bitcoin purchases. The notes, convertible into equity, will mature on April 1, 2030, ...
