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$1.3 Billion Convertible Notes: GameStop’s Bitcoin Play

  • GameStop plans to raise $1.3 billion through convertible notes to fund Bitcoin purchases and invest in innovative digital ventures.
  • The 0.00% Convertible Senior Notes mature in 2030, allowing buyers to convert them into GameStop shares.
  • The move aligns GameStop with institutions investing in Bitcoin as a long-term asset, following the growing trend.
  • GameStop's transformation from a struggling retailer to a key player with e-commerce, NFTs, and Bitcoin-focused strategies has surprised many.

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