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Everything You Need to Know About GameStop’s Plan to Start Buying Bitcoin

  • GameStop has raised over $4 billion through convertible note sales and plans to use some of it to build a Bitcoin treasury.
  • In March 2025, GameStop issued $1.48 billion in convertible notes, with the intention of using the proceeds for 'general corporate purposes, including the acquisition of Bitcoin.'
  • The company made its first official Bitcoin purchase in May, buying 4,710 BTC worth approximately $513 million at that time.
  • GameStop's recent $2.7 billion convertible note offering reflects its interest in Bitcoin as a potential lifeline amid years of declining retail performance.

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