<ul data-eligibleForWebStory="true"><li>GameStop plans to raise $1.75 billion through convertible notes, with a potential increase to $2 billion if initial buyers opt for an additional $250 million.</li><li>The funds will be used for corporate purposes, including strategic acquisitions and investments, following the company's updated treasury policy allowing Bitcoin to be held as a reserve asset.</li><li>The move showcases GameStop's evolution from a memestock to a strategic player in the market, although direct Bitcoin purchase confirmation was not provided.</li><li>The zero-coupon notes allow GameStop to raise capital without immediate interest costs and offer noteholders the chance to convert debt into equity under specific conditions.</li><li>Similar convertible instruments have been utilized by companies like Tesla and MicroStrategy to amass Bitcoin reserves.</li><li>GameStop joins the trend of companies exploring digital assets for treasury diversification, although specific allocation details and timeline are undisclosed.</li></ul>

GameStop to Raise $1.75B via Convertible Notes, Eyes Bitcoin as Reserve Asset

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