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GameStop Raising $450 Million From Convertible Senior Notes To Make Investments

  • GameStop Corp. has raised $450 million from convertible senior notes through a recent private offering, potentially to invest in Bitcoin.
  • The total value of GameStop’s zero percent convertible senior notes due 2032 now stands at $2.7 billion.
  • The company officially included Bitcoin in its investment policy earlier this year, allowing for the purchase and holding of the digital asset.
  • The proceeds from the recently raised capital will be used for investments aligning with GameStop’s investment policy and potential acquisitions.

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