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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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GameStop plans to raise $1.3 billion to purchase Bitcoin.
PANews March 27 news, according to Bloomberg, GameStop announced on Wednesday that it plans to privately place $1.3 billion of convertible senior notes maturing in 2030. In addition, the company stated that it will allow initial purchasers to buy notes with a total principal amount not exceeding $200 million. GameStop stated in a press release: "The company hopes to use the net proceeds from this issuance for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop's investment policy." Earlier this week, GameStop announced that it would incorporate Bitcoin into its company reserve assets.