According to data from Bitwise, corporations now hold 688,000 Bitcoins, showing a noteworthy 16.11% increase from the previous quarter. This amount represents about 3.28% of Bitcoin’s total supply of 21 million coins, with the total value of these holdings reaching $57 billion. In the first quarter alone, 12 additional public companies invested in Bitcoin. Notably, ...
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, ...
GameStop’s stock recently dropped by nearly 25% after the company announced its plan to raise $1.3 billion through convertible senior notes to invest in Bitcoin. This comes on the heels of a 12% increase in shares when GameStop revealed a new investment strategy that includes Bitcoin as a treasury reserve. Despite higher interest in cryptocurrency ...
Paul Atkins, nominated by President Donald Trump to lead the U.S. Securities and Exchange Commission, is dedicated to fostering a supportive regulatory environment for the cryptocurrency sector. In his upcoming Senate confirmation hearing, he emphasized the need for a solid regulatory framework that promotes innovation and prevents politics from hindering capital growth. Atkins, who previously ...
GameStop is set to close a significant number of stores in fiscal year 2025 while also revamping its investment strategy by adding Bitcoin as a treasury reserve asset. This decision was highlighted in a recent filing, although the exact locations for closure have not been disclosed. GameStop has already shut down 590 locations in the ...
GameStop’s stock fell over 8% in after-hours trading after it announced plans to raise $1.3 billion through convertible senior notes to invest in Bitcoin. This news came just a day after a significant rise of nearly 12% in its shares, following the company’s approval to add Bitcoin as a treasury reserve asset. Despite an earlier ...
GameStop Corp., based in Grapevine, Texas, has announced its intention to offer $1.3 billion in convertible senior notes due in 2030. This offering, aimed at qualified institutional buyers, will bear no interest and will not increase in principal value. GameStop plans to use the proceeds for general corporate purposes, including investing in Bitcoin. Additionally, the ...
GameStop Corp., based in Grapevine, Texas, has announced plans to offer $1.3 billion in convertible senior notes, due by 2030, to qualified institutional buyers. These notes will not accrue interest and will allow for conversion into cash, shares, or a combination of both. GameStop also expects to grant an option for an additional $200 million ...
Bitcoin faced renewed selling pressure as the U.S. trading session began on March 26, causing its price to dip below $87,000. This downward trend mirrored that of U.S. stocks, such as the S&P 500 and Nasdaq, while the U.S. dollar index reached a three-week high. Market analysts noted uncertainty surrounding U.S. trade policies, particularly upcoming ...
GameStop has announced that its board has approved the addition of bitcoin as a treasury reserve asset, causing its shares to rise by 7% after hours. This decision mirrors moves made by other companies like MicroStrategy, which is heavily invested in bitcoin. GameStop plans to use part of its cash or future funds to purchase ...
