<ul data-eligibleForWebStory="true"><li>GameStop plans to offer $1.75 billion in convertible senior notes to potentially fund additional Bitcoin purchases.</li><li>The notes have no interest, will mature in June 2032, and the conversion price will be determined later.</li><li>Initial purchasers have the option to buy an additional $250 million in notes within two weeks of issuance.</li><li>The notes are available exclusively to qualified institutional buyers.</li><li>Proceeds from the offering are intended for investments in accordance with GameStop's policy and potential acquisitions.</li><li>GameStop previously updated its investment policy to include Bitcoin as a Treasury Reserve Asset.</li><li>GameStop bought 4,710 BTC worth $513 million after a prior $1.5 billion offering, making it the 13th largest corporate Bitcoin holder.</li><li>GameStop's stock price has dropped over 9% since signaling its Bitcoin acquisition plans on March 26.</li><li>GameStop's latest earnings report showed a 17% decline in first-quarter revenue year-over-year.</li><li>Following the poor Q1 earnings, GameStop's stock fell over 10% in after-hours trading.</li></ul>

GameStop Proposes New $1.75 Billion Debt Offering For Potential Bitcoin Buys

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