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Bitcoinmagazine
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GameStop Announces $1.3 Billion Fundraising Plan to Purchase Bitcoin
- GameStop plans to raise $1.3 billion through a private offering of convertible senior notes.
- The net proceeds will be used for general corporate purposes, including the acquisition of Bitcoin.
- The company is following an update to its investment policy, allowing Bitcoin as a treasury reserve asset.
- GameStop's CEO met with Michael Saylor, who has influenced the decision to embrace BTC.
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