GameStop Usulkan Penggalangan Dana $1,3 Miliar untuk Pembelian Bitcoin
GameStop Proposes to Raise $1.3B in Convertible Debt for Bitcoin Purchases https://cryptonews.com/news/gamestop-proposes-to-raise-1-3b-in-convertible-debt-for-bitcoin-purchases/

                            GameStop Proposes to Raise $1.3B in Convertible Debt for Bitcoin Purchases                            
                            Bitcoin Reserve
                            GameStop
                                Video game retailer GameStop approved of adding Bitcoin to its treasury reserves on Tuesday.                                
                                Last updated:                                        March 27, 2025 03:21 EDT
            Author
                    Sujha Sundararajan
        Author
            Sujha Sundararajan                
            About Author
                Sujha has been recognised as ???? Women In Crypto 2024 ???? by BeInCrypto for her leadership in crypto journalism.
    Author Profile
Share
        Copied
    Last updated:
        March 27, 2025 03:21 EDT
                                Why Trust Cryptonews
        Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews        
                        GameStop has announced plans to offer $1.3 billion in convertible notes with a 0% coupon, in a move to purchase Bitcoin using net proceeds.The announcement arrives simultaneously with the video game retailer’s approval of adding Bitcoin to its treasury reserves.GameStop said that the $1.3 billion of convertible senior notes will have a five-year maturity until April 1, 2030. Further, it would grant initial purchasers up to an additional $200 million aggregate principal of notes, the official release noted.GameStop added that it would use the net proceeds from the offering “for general corporate purposes.” This includes Bitcoin purchases, consistent with GameStop’s Investment Policy.

???? BREAKING: GameStop to raise $1.3 Billion to buy Bitcoin$GME pic.twitter.com/ECYWkVD3fI— Bitcoin Archive (@BTC_Archive) March 26, 2025

GameStop Mirrors Strategy in Building Bitcoin StackMichael Saylor’s Strategy (previously MicroStrategy), has taken on millions in debt to accumulate more Bitcoin. For instance, the company has used a unique strategy to raise an additional $175 million to add more Bitcoin to its balance sheet. Strategy already has $700 million convertible debt offering, maturing in 2028.Further, high demand for this convertible note has brought in other major crypto players, including Bitcoin miner MARA Holdings, to raise billions to add to their own stacks.Reflection on Stock PricesGameStop’s Bitcoin strategy has rallied its shares 15.2% to $29.19 on Wednesday. According to J.P.Morgan data, the company was the seventh most traded stock by U.S. retail investors on Wednesday at 10 a.m. ET.Michael Pachter, managing director at Wedbush told Reuters that GameStop “clearly understands” its shareholder base.“[Investors]want GameStop to take their money and invest in things like Bitcoin, and the company is accommodating their wishes.”Pachter also added that GameStop’s strategy has changed about six times in three years and its Bitcoin stockpile plan reflects that of MicroStrategy.Meanwhile, Bitcoin traded around $87,200 late Wednesday and is up 1.6% over the past week. It is currently trading at $87,350 at press time.

                                Follow us on Google News
Trending News
RecommendedPopular Crypto TopicsPrice Predictions
    How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second TermTrump Appoints PayPal Veteran David Sacks as ‘White House AI and Crypto Czar’Could This Be the Catalyst XRP Bulls Were Waiting For? Legal Deal Nears Final ApprovalRipple Settles With SEC: Pays $50M, Case Nears ConclusionBest Meme Coins to Buy Today – 100x Incoming?    
                                Industry Talk
                    Is Pi Network About to Explode? Analyst Spots Rare Bullish Pattern on Chart                    
                        2025-03-25 16:22:35,
                        by Simon Chandler
                                Price Analysis
                    Dogecoin Foundation Launches Corporate Arm and DOGE Reserve – $10 DOGE Incoming?                    
                        2025-03-25 23:52:13,
                        by Alejandro Arrieche
                                Altcoin News
                    Warren Buffett-Backed Nubank Expands Crypto Portfolio with Four New Altcoins                    
                        2025-03-26 11:13:34,
                        by Ruholamin Haqshanas
                                    Best Crypto to Buy Now in March 2025 – Top Crypto to Invest In                                    
                                        2025-02-19 06:00:00,
                                        by Ines S. Tavares
                                    New Crypto Coins to Invest in March 2025                                    
                                        2025-03-12 01:12:39,
                                        by Ines S. Tavares
                                    9 Best Crypto Presales to Invest In Now – Upcoming Token Sales                                    
                                        2025-03-03 00:01:51,
                                        by Medb Kiely-Cuddy
                                    10 New & Upcoming Coinbase Listings in March 2025                                    
                                        2025-03-03 00:45:30,
                                        by Ilija Rankovic
                                    13 New & Upcoming Binance Listings in 2025                                    
                                        2025-03-03 00:40:00,
                                        by Ines S. Tavares
                                    The 12 Next Cryptocurrencies to Explode in 2025 – Our Top Picks                                    
                                        2024-09-11 14:50:06,
                                        by Ilija Rankovic
                                    Bitcoin (BTC) Price Prediction 2025 – 2034                                    
                                        2024-10-19 00:00:00,
                                        by Leon Waters
                                    Ripple (XRP) Price Prediction 2025, 2026 – 2030                                    
                                        2024-08-28 00:00:00,
                                        by Eric Huffman
                                    Ethereum Price Prediction 2025–2030: Will ETH Reach $5,000?                                    
                                        2024-08-28 00:00:00,
                                        by Ben Beddow