GameStop to Use $1.48 Billion Convertible Bond Proceeds to Purchase Bitcoin (BTC)

JH Kim

Summary

GameStop announced plans to use $1.48 billion in convertible bond proceeds to purchase Bitcoin (BTC).
The GameStop board unanimously approved a plan to add Bitcoin to the balance sheet.
The issuance of $1.3 billion in convertible bonds for Bitcoin purchase was announced.

SolidIntel reported on the 1st (local time) via X (formerly Twitter) that GameStop (GME) plans to use $1.48 billion in convertible bond proceeds to purchase Bitcoin (BTC).

Previously, the GameStop board unanimously approved a plan to add Bitcoin to its balance sheet and announced the issuance of $1.3 billion in convertible bonds to purchase Bitcoin.

BTC

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

GameStop to Use $1.48 Billion Convertible Bond Proceeds to Purchase Bitcoin (BTC)

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