🚨GameStop Raising $1.3B Through Convertible Debt to Acquire Bitcoin $BTC 🚨
GameStop is issuing $1.3 billion in convertible notes with a 0% coupon, intending to use the net proceeds to acquire Bitcoin.
Under the leadership of Ryan Cohen, GameStop is following a strategy similar to Michael Saylor’s, who has raised billions through convertible debt to build a Bitcoin reserve.
Just a day ago, GameStop publicly announced its plan to start purchasing Bitcoin for its balance sheet.
