Gamestop Raising $1.3 Billion to Enhance Bitcoin Holdings
- Gamestop Corp. plans to raise $1.3 billion through a private offering of convertible senior notes.
- The company currently holds $4.76 billion in cash reserves.
- This strategy mirrors Microstrategy’s approach to building a bitcoin treasury.
- The announcement was made on March 26.
Gamestop Corp. is set to raise $1.3 billion via convertible senior notes, despite having $4.76 billion in cash, following a strategy similar to that of Microstrategy for enhancing its bitcoin treasury.
Source (2.6)https://news.bitcoin.com/gamestop-raising-1-3b-to-advance-bitcoin-strategy-echoing-michael-saylors-blueprint/?rand=52384
