GameStop prices $1.3 billion in convertible senior notes, planning to add bitcoin to balance sheet.

From Yahoo Finance: 2025-03-27 23:41:00

GameStop (GME) has priced its previously announced private offering of $1.3 billion in convertible senior notes, paving the way for the company to add bitcoin (BTC) to its balance sheet. The zero-coupon notes, due in 2030, will convert at a rate of 33.4970 shares per $1,000, with an initial conversion price of around $29.85 per share. Despite the announcement, GME’s stock closed down at $22.09 on Thursday, a 35% premium over its recent closing price. If successful, GameStop could become the fourth largest corporate holder of BTC, behind Riot Platforms (RIOT) and ahead of Tesla (TSLA).



Read more at Yahoo Finance: GameStop Prices Bitcoin Notes at $29.85