Summary
- GameStop announced plans to issue $1.3 billion in convertible bonds for Bitcoin purchase.
- The convertible bonds are expected to be issued at a 35-40% premium.
- The maturity of the convertible bonds is known to be in 2030, attracting attention from investors interested in long-term investment.
GameStop (GME) plans to issue convertible bonds to raise funds for purchasing Bitcoin (BTC).
According to Bloomberg on the 27th (local time), GameStop is pushing to issue $1.3 billion in convertible bonds to be used for general corporate purposes, including the purchase of Bitcoin.
In this regard, Bloomberg, citing anonymous sources, reported that "GameStop plans to issue these convertible bonds at a 35-40% premium." Meanwhile, the maturity of the convertible bonds is known to be in 2030.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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