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GameStop Completes Stock Offering, Now Has $1.5B to Buy Bitcoin

  • Video game retailer GameStop has completed a private offering of $1.5 billion in Convertible Senior Notes due 2030.
  • The company mentioned in the filing that it intends to use the net proceeds to acquire Bitcoin, consistent with its investment policy.
  • This move makes GameStop another corporate Bitcoin investor, following companies like Tesla and MicroStrategy.
  • Despite this news, there was little impact on Bitcoin prices, which remained marginally up for the day.

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