GameStop plans to raise $1.3 billion through debt to buy bitcoin, causing shares to drop.

From CNBC: 2025-03-27 08:44:00

GameStop shares tumble over 7% in premarket trading after announcing plans to raise $1.3 billion through convertible senior notes due in 2030 to buy bitcoin. Analysts express doubts about the move, citing GameStop’s already-high valuation and lack of potential for a significant premium from the investment.

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Read more: GameStop shares drop on planned debt issue to buy bitcoin