Is GameStop Moving Towards Bitcoin? A Huge Funding Plan Raises Questions

GameStop, listed on the New York Stock Exchange, announced its intention to raise $1.75 billion through the issuance of non-interest-bearing convertible bonds maturing by 2032, in a move analysts see as a new strategic shift for the company. This comes as speculation increases about GameStop's direction towards enhancing its investments in Bitcoin, especially after the digital currency entered the company's treasury in the past months.

GameStop confirmed that early investors will receive additional bonds worth $250 million within 13 days of the issuance, noting that the proceeds will be used for general purposes including investment opportunities that align with the company's strategies, along with potential expansion through possible acquisitions.