$BTC Tuesday, Game Stop (GME) announced that it has raised $1.5 billion through a private placement of convertible notes, which are expected to be used for purchasing Bitcoin.
According to BlockBeats news, on April 2, as reported by CoinDesk, GameStop (GME) has completed a $1.3 billion five-year convertible bond issuance and may soon begin or has already started purchasing Bitcoin (BTC).
The price of $BTC also surged to 88,500 with this wave of excitement, followed by a rapid decline.
Friendly reminder: Investors are advised not to trade based on events, as it may lead to significant liquidation risks.
Source:
GameStop raises $1.5 billion in convertible notes for Bitcoin purchase
https://zombit.info/gamestop-raises-1-5b-convertible-notes-for-btc-buy/
GameStop has completed a $1.3 billion convertible note issuance and may soon purchase Bitcoin
https://m.cnyes.com/news/id/5920031
