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GameStop to Raise $1.4 Billion for Bitcoin Treasury Investment
- GameStop plans to raise $1.4 billion to invest in Bitcoin as a treasury reserve asset.
- The company will fund purchases through convertible senior notes with 0% interest rate due in 2030.
- GameStop stock initially surged 12% but later dropped 8% as traders reacted to the Bitcoin investment plan.
- GameStop joins other corporations like MicroStrategy in adopting Bitcoin on their balance sheets.
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