Gamestop Corporation (GME) from Gamestop Corporation (GME) has completed a convertible debt that raised $ 1.5 billion, with some revenues to buy bitcoin.
The offer was initially set to raise at least $ 1.3 billion, but buyers chose an additional major amount of $ 200 million of notes, Gamestop He said On April 1, the Securities and Stock Exchange Committee presented.
Gamestop added: “The company expects to use clear revenues from supply for public companies, including Bitcoin’s acquisition in a way that is consistent with the investment policy in the company.”
Convertible notes are debts that can be converted later into ownership rights and are scheduled on April 1, 2030, unless they are transferred, recovered or already reshape.
Initial notes transfer rate will be 33 shares of regular shares per $ 1,000 of the main notes, according to the deposit submission.
Gamestop’s shares have not seen a big step after the convertible debt width is closed. GME closed the trading day on April 1 by 1.34 % at $ 22.61 and saw only 0.5 % stumbling down after the bell, Google Financing Data He appears.
Gamestop’s share is barely transferred after sharing the convertible debt offer. source: Google Financing
Positive shareholders have witnessed that jumping on shares is approximately 12 % to $ 28.36 on March 26, the day that Gamestop announced the Bitcoin (BTC) plan, but his fortunes were reflected on the next day, as GME shares decreased nearly 24 % to 21.68 dollars.
Analysts at that time suggested that cold reception reflects the fear of shareholders from the deepest Gamestop problems in his business model. On March 25, Gamestop confirmed that it had received the approval of the Board of Investment in Bitcoin and Stablecoins, which lasts the United States of America using notes and cash reserves. These reserves amounted to $ 4.77 billion as of February 1, compared to $ 921.7 million in the previous year, According to To its financial statements in the fourth quarter in 2024. Gamestop is a relative lacomer among public companies that create bitcoin bonds. It has already added a large number of others Bitcoin to their public budgets in the PlayBor book, which was popularized by Micheal Saylor. Related to: Metaplanet adds $ 67 million in Bitcoin after dividing the shares from 10 to 1 The retail video games previously conducted invasions in the encryption space with an encrypted wallet for its users, which it eventually closed in November 2023 due to organizational uncertainty. Gamestop is also the first example of the success of Meme’s shares after the short pressure in 2021, which sent the stock to an increase of more than 1000 % per month, as the traders fluctuated the table over the hedge boxes that were shorter money to the company. magazine: SEC’s U-Orn on Crypto Main Questions Waves without answering
Gamestop joins the growing bitcoin movement
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