Retail company GameStop has announced plans to raise up to $1.3 billion to buy Bitcoin for its treasury. This comes just a day after the company announced BTC’s addition to its treasury reserve holdings.

GameStop To Raise $1.3 Billion To Buy Bitcoin

In a press release, GameStop revealed plans to raise up to $1.3 billion to buy Bitcoin. The company announced that it intends to offer $1.3 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers.

The retailer company also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on and including the date on which the notes are first issued, up to an additional $200 million aggregate principal amount of notes.

The post Breaking: GameStop To Raise $1.3 Billion To Buy Bitcoin For Its Treasury appeared first on CoinGape.

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Filed under: News - @ March 26, 2025 8:27 pm