Is GameStop About to Make a Massive Bitcoin Purchase? New Debt Offering Sparks Speculation

  • TL;DR GameStop announced a $1.75 billion private offering of convertible notes with zero interest, maturing in 2032. Part of the proceeds may be used to buy more Bitcoin, in line with an investment policy approved in March. The company already acquired 4,710 BTC in May, making it the 13th largest corporate Bitcoin holder worldwide.