GameStop’s Stock Is in Play Again. This Time It’s Not a Meme Thing.
6 Articles
6 Articles
GameStop Increases Convertible Note Offering to $2.25 Billion Amid Potential Bitcoin Treasury Expansion
The post GameStop Increases Convertible Note Offering to $2.25 Billion Amid Potential Bitcoin Treasury Expansion appeared on BitcoinEthereumNews.com. GameStop has significantly increased its convertible note offering to $2.25 billion, reinforcing its strategic commitment to expanding its Bitcoin treasury holdings. This upsizing follows the company’s recent acquisition of 4,710 BTC, highlighting a growing trend among corporations leveraging debt …
GameStop Leverages $2.25B Convertible Note Sale to Strengthen Its Crypto Strategy - Crypto Economy
TL;DR Strategic Capital Raise: GameStop upsized its private convertible senior note offering to $2.25B, aiming to strengthen its balance sheet and fund potential acquisitions. Investor-Friendly Terms: The unsecured convertible notes come with a premium conversion rate of about $28.91 per share and a 13-day option window to boost proceeds up to $2.68B. Crypto Integration: Aligning with its crypto strategy, GameStop recently acquired roughly 4,71…
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