GameStop Eyes Bitcoin Investment Following $1.5B Convertible Notes Sale 🤑
GameStop, known for its stock market volatility, is considering adding Bitcoin to its balance sheet following the successful sale of $1.5 billion in convertible notes.
The decision aligns with the company's updated investment policy, approved by its board. The five-year convertible notes were initially priced at $1.3 billion, with an additional $200 million greenshoe option, resulting in GameStop netting approximately $1.48 billion.
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