The post BREAKING NEWS: The Amount GameStop Will Allocate to Buy Bitcoin Has Been Announced! appeared on BitcoinEthereumNews.com.

According to breaking news, GameStop (GME) has proposed a $1.3 billion private offering of convertible senior notes to fund general corporate purposes, including Bitcoin purchases. The five-year convertible notes will be issued with a 0% coupon rate, according to a press release. In addition, the offering includes an underwriter greenshoe option for up to $200 million that could further increase the total amount raised. “GameStop expects to use the net proceeds from the offering for general corporate purposes, including the purchase of Bitcoin in a manner consistent with GameStop’s Investment Policy,” the company said. The announcement had an immediate impact on GameStop’s stock price, with shares rising 11.7% in today’s regular trading session but falling 7% in after-hours trading following the news. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/breaking-news-the-amount-gamestop-will-allocate-to-buy-bitcoin-has-been-announced/

---

Filed under: News - @ March 27, 2025 3:20 am