Gamestop Bitcoin’s Bitcoin Bett

Gamestop has advanced video game retail to raise $ 1.3 billion through convertible major notes to finance Bitcoin acquisitions. A press release on March 26 states that the offer consists of the notable notable notes of zero transferable in 2030.

Investors will have the option to convert notes into shared shares of Gamestop A. Class A, and Gamestop will maintain flexibility to settle transfers in cash, shares, or a mixture of the two.

After this announcement, Gamestop (GME) shares increased by more than 11 % to trade at $ 28.36.

The strategic shift towards bitcoin

While providing debt aims to increase $ 1.3 billion, it may reach $ 1.5 billion. As mentioned in the version, the company plans to give the first buyers the option to buy up to $ 200 million in additional notes.

Gamestop expects clear revenue from supply for public companies, including Bitcoin’s acquisition in a consistent with Gamestop Investment Policy, “The company He said In the version.

Fortune 500 had earlier hinted at a decision to add Bitcoin to the Treasury Reserve. On March 25, the company said that its council unanimously agreed to an update to add Bitcoin to its investment policy. The approval came more than a month after CNBC stated that Gamestop is studying investment in alternative assets classes, including bitcoin.

Ryan Cohen, CEO of Gamestop, also pointed to this increasing interest, recently met with Michael Sailor, co -founder of the strategy and the main defender of Bitcoin’s accreditation for companies.

Gamestop’s Crypto Push

Gamestop now joined a growing list of public companies that collect money through debt tools to get Bitcoin. This step leads Strategy, a US -based software company that bought more than $ 40 billion from Bitcoin. Semler Scientific, Mara Holdings and RIOT also took similar ways.

Gamestop was discovered by Crypto through its Marketplace, which was launched in 2022. However, the company returned in 2024 due to organizational uncertainty.