Gamestop (GME) plans to collect $ 1.3 billion to buy bitcoin through a private offer of convertible senior notes, the company announced Wednesday. The move follows in the foot of Michael Saylor’s strategy and enables the gaming dealer to start financing his efforts to invest in leading Cryptocurrency.
“Gamestop expects to use the net profit from the offer for general business purposes, including the acquisition of Bitcoin in a manner that is consistent with Gamestop’s investment policy,” the company said in a statement today.
Breaking: Gamestop $ Gme To collect $ 1.3 billion to buy bitcoin.
– watcher.guru (@watcherguru) March 26, 2025
Michael Saylor’s strategy (formerly micro strategy) has made similar features over the past year, acquired billions in BTC and has become the largest institutional BTC investor. Several companies are starting to follow a similar model, with Gamestop one of the latest big names.
“The notes will be general unsecured obligations from Gamestop, will not bear regular interest, and the main amount for the notes will not be spent,” notes. “The notes will ripen on April 1, 2030, unless previously converted, redeemed or repurchases. When conversion, Gamestop will pay or deliver, where applicable, cash, shares in Gamestop’s class A Common -share, couple value $ 0.001 per share (” Class A Common Share “), or a combination of cash and in class own
Gamestop (GME) Lager increased by double -digit figures during Wednesday’s trading period and climbed 11.6%. The shares drop by 5% after hours, something corrects from the big profits.