GameStop raising $1.75 billion through convertible notes for acquisitions, potential Bitcoin purchase.

From Yahoo Finance: 2025-06-12 10:27:00

GameStop is raising $1.75 billion through convertible notes for corporate purposes and potential acquisitions. The company may use the funds to buy more Bitcoin, following MicroStrategy’s lead. Despite struggles in its core business, GameStop reported improved profits but a 17% revenue drop in Q1 2025. Stock prices have plummeted 19%.



Read more at Yahoo Finance: Why Shares of GameStop Are Tanking Today