GameStop raised $450 million to expand its bitcoin reserves, after purchasing 4,710 BTC in May 2025 as part of its treasury strategy.
GameStop has raised $450 million through a convertible debt offering, aiming to further expand its Bitcoin treasury reserves, which have now reached $513M.
This comes after GameStop's first major bitcoin acquisition in May of this year, which began a shift to include $BTC as part of its corporate finance strategy.
Stop fundraising effort to increase bitcoin reserves.
According to SEC filings, GameStop raised an additional $450 million by exercising a greenshoe option, which was part of its $2.25 billion convertible debt offering in mid-June.
The underwriters exercised an option to purchase the company's zero-coupon convertible senior notes.
That brings the total raised from the offering to $2.7 billion. According to GameStop, the funds will be used for general corporate purposes, including further investments in Bitcoin.
The company initially raised $2.25 billion through the offering, which included a 13-day option for the underwriters to buy additional notes.
The notes are due in 2032 and are convertible into shares of GameStop Class A common stock at a specified price. The option provided the company with additional funds, which will help expand GameStop's bitcoin reserves.