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GameStop (GME) Closes Convertible Note Offering

Summary by Coin Desk

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

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Fortune

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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…

3 days ago·New York, United States

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Coin Desk

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GameStop (GME) Closes Convertible Note Offering

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

4 days ago·Manila, Philippines

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Activist Post

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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.

4 days ago

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bitrates.com

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…

2 days ago

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Wall Street Pit

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…

2 days ago

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BinBits

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…

2 days ago

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