GameStop to Issue $1.3B in Convertible Debt for Bitcoin Acquisition
Just a day after unveiling its plan to adopt a bitcoin (BTC) treasury strategy, GameStop (GME) is taking another bold step—announcing a $1.3 billion convertible debt offering to help fund its BTC purchases.
The senior notes will mature in five years and carry a 0% interest rate, with an option for underwriters to acquire an additional $200 million. According to the company’s press release, the funds will be used for “general corporate purposes, including the acquisition of bitcoin in a manner consistent with GameStop’s Investment Policy.”
This move places GameStop alongside companies like Strategy (MSTR), Semler Scientific (SMLR), MARA Holdings (MARA), and Riot Platforms (RIOT), which have all leveraged convertible debt to increase their bitcoin holdings.
Following the announcement, GME shares fell 7% in after-hours trading, reversing part of the 11.7% gain seen during Wednesday’s regular session. Meanwhile, bitcoin rebounded to $87,000 after dipping to $86,000 earlier in the day.























