GameStop (ticker: GME), the US video game retailer that may be about to or has already begun allocating bitcoin assets, issued a $1.30 billion five-year convertible note that was fully subscribed, including greenshoes, raising a total of $1.50 billion and net income after fees of $1.48 billion, according to a regulatory filing after the US market closed on Monday.
Previously, at the time of the fourth-quarter earnings announcement, GameStop's board of directors, led by CEO Ryan Cohen, had passed a resolution to update the company's investment policy and include bitcoin in its balance sheet allocation.
GameStop has completed 1.30 billion USD convertible note issue and is about to buy bitcoin
2025-04-01 21:14:12
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