GameStop plans to raise $1.3 billion to purchase assets such as Bitcoin
On March 26 local time, GameStop announced a plan to privately place $1.3 billion in convertible senior notes, maturing in 2030. The company stated that it will allow initial purchasers to buy notes with a total principal amount not exceeding $200 million. GameStop said in a statement: "The company intends to use the net proceeds from this offering for general corporate purposes, including acquiring Bitcoin in a manner consistent with GameStop's investment policy."
