GameStop (GME) Closes Convertible Note Offering

GameStop now has $1.5 billion to splurge on a Bitcoin reserve after private offering

After announcing a new strategy to invest in Bitcoin last week, video game retailer GameStop now has the money to make it happen.  GameStop announced on Tuesday that it has raised $1.5 billion in a private offering of convertible notes, according to a recent filing with the Securities and Exchange Commission (SEC). A convertible note is a type of debt that lets investors convert loans into equity at some point in the future. The offering was res…

GameStop (GME) Closes Convertible Note Offering

The company last week announced its intention to add bitcoin to its balance sheet.

GameStop Raising $1.3B Via Convertible Debt to Buy Bitcoin

GameStop makes headlines with its Bitcoin investment announcement, planning to utilize $1.3 billion in convertible notes for BTC acquisition.

GameStop Will Add Bitcoin to Its Holdings

GameStop revealed on March 25 that its investment policy now includes Bitcoin (BTC) as a treasury reserve asset following a unanimous board decision. The video game retailer announced one day later that proceeds from a $1.3 billion convertible senior notes sale will in part go toward its acquisition of Bitcoin. The proceeds will also go toward other general corporate purposes. GameStop submitted a 10-K filing to the U.S. SEC, stating that it cou…

GameStop Jumps After CEO Boosts Stake - Wall Street Pit

GameStop (GME) shares rose 3.6% to $21.90 in extended trading after a 7% drop, driven by CEO Ryan Cohen’s purchase of 500,000 shares at $21.55, increasing his stake to 8.4% or 37,347,842 shares. Under Cohen’s leadership since September 2023, GameStop adopted Bitcoin (BTC) as a treasury-reserve asset and completed a…

GameStop concludes $1.5bn fundraising campaign to acquire BTC

Popular video game retailer, GameStop is on the verge of kickstarting its Bitcoin acquisition program. The development emanated through a filing to the United States Securities and Exchange Commission on April 1, 2025.  As revealed, GameStop raised $1.5 billion through a convertible debt offering to invest in Bitcoin and US-dollar-backed stablecoins. Initially, the retailer intended to raise just $1.3 billion but investors who participated in th…