๐จ Urgent: GameStop proposes to issue $1.75 billion in convertible bonds with plans to include Bitcoin as a reserve asset!
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๐ฐ Proposal Details:
GameStop has announced its intention to issue $1.75 billion in convertible bonds, and the proceeds will be used for general purposes including strategic investments according to its updated policy.
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โฟ New Investment Policy:
The updated policy includes the possibility of adding Bitcoin ($BTC) as one of the reserve assets on the company's balance sheet, reflecting a bold move towards embracing digital assets.
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๐ What does this mean?
โ It strengthens Bitcoin's position as an institutional investment asset
โ It opens the door for other companies to take similar steps
โ It may positively impact market sentiment
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โDo you think GameStop's move will inspire more companies to adopt Bitcoin in their reserves?
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