GameStop announced the pricing of its private offering of zero-coupon convertible senior notes late Thursday, upsizing the deal from $1.75 billion to $2.25 billion.

The company also granted initial buyers a 13-day option to purchase up to an additional $450 million in notes, with the sale expected to close on June 17.

GameStop expects to raise around $2.23 billion in net proceeds from the offering — or $2.68 billion if the full overallotment option is exercised — after deducting fees, commissions, and expenses.

The struggling video game retailer intends to use the proceeds for general corporate purposes, including potential acquisitions aligned with its investment policy.

In March, GameStop updated that policy to include bitcoin as a treasury reserve asset, then raised $1.5 billion through convertible notes in April.

On May 28, GameStop disclosed it held 4,710 BTC (currently worth nearly $500 million) following its first set of bitcoin purchases.

The initial $1.75 billion plan, announced late Wednesday, did not seem to go down well with investors, as GameStop's stock plunged 25% at one point on Thursday.

GME is currently trading up 3.3% on Friday, according to TradingView.