According to reports from Wu, video game retailer GameStop (GME) has submitted documents to the U.S. Securities and Exchange Commission (SEC) disclosing an additional financing of $450 million through zero-coupon convertible preferred notes. This financing is an additional operation based on the $2.25 billion private placement of convertible bonds completed in mid-June, bringing the total financing amount to $2.7 billion. GameStop stated that these funds will be used for general corporate purposes, including investments according to its investment policy, which includes allocating Bitcoin as a corporate reserve asset.

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