From Cointelegraph

April 2, 2025 01:49 AM:

GameStop completes $1.5 billion convertible debt offering, with funds to be used for buying Bitcoin. Offering started at $1.3 billion but increased to $1.5 billion. Notes can be converted into equity and mature in 2030. Shares saw minimal movement post-offering, closing at $22.61. Positive sentiment briefly boosted stock to $28.36 before dropping to $21.68.

GameStop confirms board approval to invest in Bitcoin and stablecoins. Reserves at $4.77 billion, up from $921.7 million a year earlier. Company joins others in creating Bitcoin treasuries. GameStop previously had a crypto wallet for users but shut it down due to regulatory uncertainty. Notable as meme stock success after 2021 short squeeze.

Read more at Cointelegraph: GameStop finishes $1.5B raise to add Bitcoin to its balance sheet