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The company has announced plans to offer $1.3 billion in 0.00% Convertible Senior Notes due 2030 in a private offering.
This step signals GameStop’s continued transformation into a more tech-savvy, Bitcoin-focused company.
GameStop Raises Capital with Convertible Notes, Plans Bitcoin Acquisition
Convertible senior notes are a type of debt security that can be converted into common stock at a later date, under certain conditions.
The 0.00% interest rate is particularly eye-catching, as it allows GameStop to raise significant funds without the burden of paying interest during the life of the notes. However, the catch is that investors can convert their notes into GameStop shares if the company’s stock price rises above a certain threshold. This offers a potential upside to investors if GameStop’s turnaround continues to gain momentum.
BREAKING: GameStop plans to offer $1.3B in 0.00% Convertible Senior Notes due 2030 in a private offering.
Proceeds will go toward general corporate purposes including the acquisition of Bitcoin. pic.twitter.com/EwOZ0lcFhy
— Bitcoin News (@BitcoinNewsCom) March 26, 2025
The move to acquire Bitcoin is part of GameStop’s ongoing pivot toward becoming more than just a traditional retailer. In recent years, the company has been looking for ways to capitalize on the cryptocurrency boom. So, buying Bitcoin could be a key piece of that puzzle.
Senator Moreno Pushes for Bitcoin Purchase Bill by August
Senator Moreno is urging lawmakers to pass a bill that would authorize the purchase of 1 million Bitcoin by August. The proposed legislation is part of an effort to strengthen the country’s financial position. Also, embrace the growing importance of digital assets in global markets.
NEW:
Senator Moreno calls for the bill to buy 1 million #Bitcoin to be passed by August.
America is embracing Bitcoin
pic.twitter.com/EDBH7kaTKX
— Bitcoin Magazine (@BitcoinMagazine) March 27, 2025
Senator Moreno believes that acquiring such a large amount of Bitcoin would not only bolster the nation’s reserves. Also, to position the country as a leader in the cryptocurrency space.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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