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GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase

  • GameStop plans to raise $1.3 billion to invest in Bitcoin through convertible senior notes.
  • The company recently designated Bitcoin as a treasury reserve asset.
  • Wall Street analysts express skepticism about GameStop's ability to replicate the success of other Bitcoin-heavy companies.
  • GameStop reported a 28% decline in net sales for the fourth quarter and decreased adjusted EBITDA for the full fiscal year.

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