GameStop Raises Total of $2.7B, May Allocate to Bitcoin Under New Investment Policy
GameStop (GME) has raised an additional $450 million through a follow-on sale of zero-coupon convertible senior notes, bringing its total capital raise to $2.7 billion from a recently launched offering, according to a Tuesday filing with the U.S. Securities and Exchange Commission (SEC).
The additional funds came via the full exercise of a 13-day “greenshoe” option granted to the original purchaser, following the company’s $2.25 billion private placement last week. The notes are due in 2032 and are convertible into Class A common shares at a price of $28.91, reflecting a 32.5% premium over the volume-weighted average share price on June 12 — the day of the original offering.
GameStop stated that proceeds will be used for general corporate purposes, including potential allocations aligned with its Investment Policy, which now includes the option to acquire Bitcoin (BTC) as a treasury reserve asset.
With Bitcoin currently trading around $107,175, the policy shift aligns GameStop with a growing trend of public companies adding BTC to their balance sheets as a long-term hedge and store of value.
The move marks a significant strategic pivot for the video game retailer, which continues to explore new capital deployment strategies following renewed retail investor interest and executive reshuffling.
Kosta Gushterov
Reporter at Coindoo
Коста се присъедини към екипа през 2021 г. и затвърди позицията си с жаждата си за знания, невероятната си отдаденост и „детективския“ си начин на мислене. Той не само покрива широк спектър от актуални теми, но и пише забележителни рецензии, PR статии и образователно съдържание. Работата му е цитирана и от други информационни агенции.
