GameStop plans to privately issue $1.3 billion in convertible senior notes to purchase Bitcoin
ChainCatcher message, GameStop announced that it plans to privately issue $1.3 billion of 0.00% convertible senior notes (due 2030) to qualified institutional investors. Depending on market conditions, the company may also grant initial purchasers the option to purchase up to an additional $200 million of notes within 13 days.
GameStop stated that the proceeds will be used for general corporate purposes, including the purchase of Bitcoin in accordance with the company's investment policy.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.