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GameStop Plans To Raise $1.3 Billion To Fuel Bitcoin Buying Spree, Following In Strategy’s Footsteps 

  • GameStop plans to raise $1.3 billion through convertible senior notes to fuel its Bitcoin buying spree.
  • The convertible notes will be available to institutional investors only and will mature in 2030.
  • Proceeds from the sale will be used for general corporate purposes, including the acquisition of Bitcoin.
  • GameStop follows the footsteps of Strategy, a Bitcoin-buying company, which has successfully issued convertible debt to fund its Bitcoin acquisitions.

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