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GameStop Seeks to Raise $1.3B to Buy Bitcoin—Could It Spark a BTC Rally?
- GameStop plans to raise $1.3B through convertible senior notes to fund Bitcoin purchases.
- The bonds have a 0% interest rate, mature in 2030, and offer a 35-40% conversion premium for stock conversion.
- GameStop's BTC purchase could potentially boost buying pressure and spark a Bitcoin rally.
- This decision marks another major step in corporate Bitcoin adoption.
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