GameStop (GME) has announced a fundraising of $1.75 billion through zero percent convertible bonds. This indicates that the company is looking to expand its investment activities, especially in the field of Bitcoin, according to their investment policy. The issuance of convertible bonds is a popular financial method that allows the company to raise capital without paying interest, while also providing an opportunity for investors to convert bonds into shares in the future.
In the context of the rapidly growing cryptocurrency market becoming an important part of many companies' investment portfolios, this move by GameStop can be seen as a strategic step to diversify its investment portfolio and capitalize on the increasing trend towards Bitcoin and other cryptocurrencies.
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