“Gamestop has completed a $ 1.5 billion fee under the release of convertible bonds. Some of the proceeds will be directed to buy bitcoin and corporate needs. The management of the firm approved this strategy on March 25. According to the SEC document, Gamestop expected to raise $ 1.3 billion, but investors have exercised the right to purchase additional bonds for $ 200 million bonds issued under the Agreement […]”, – WRITE: Businessua.com.ua
Gamestop has completed a $ 1.5 billion fee under the release of convertible bonds. Some of the proceeds will be directed to buy bitcoin and corporate needs.
The management of the firm approved this strategy on March 25.
According to the document for SecGamestop expected to raise $ 1.3 billion, but investors have exercised the right to purchase additional bonds for $ 200 million.
The bonds issued under the agreement can be converted to the company (GME) in the future and are redeemed in 2030. The conversion is 33 securities per $ 1,000.
Gamestop also plans to use part of the investment in digital assets, including USDT stablcoin.
According to the company, the amount of reserves increased more than fives in the year and amounted to $ 4.7 billion at the beginning of February 2025.
March 26, GME went up by almost 12%, up to $ 28.36, against the background of the plans to invest in crypto assets. The next day they fell 24%to $ 21.68.
At the time of writing GME, $ 22.61 is traded.
We will remind, on April 1, Tether bought 8888 BTC for $ 734 million, and Metaplanet – 696 BTC ($ 67.9 million).
The gun
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