GameStop Secures $1.5 Billion for Bitcoin Purchases After Note Offering
GameStop (GME) has closed its offering of $1.3 billion in five-year convertible notes, with a fully exercised greenshoe option increasing the total to $1.5 billion. Net proceeds amount to $1.48 billion.
- GameStop plans to add Bitcoin to its balance sheet.
- The announcement followed the fourth quarter earnings report.
- GME shares increased by 1.35% during regular trading and 0.8% in after-hours trading.
- Bitcoin's price is approximately $84,900.