GameStop plans to issue $1.3 billion in convertible senior notes privately to purchase Bitcoin

This article is machine translated
Show original

On March 27, GameStop announced plans to privately issue convertible preferred notes with a 0.00% interest rate (maturing in 2030) totaling $1.3 billion to eligible institutional investors. Depending on market conditions, the company may authorize the initial purchasers to additionally purchase up to $200 million in notes within 13 days. GameStop stated that the raised funds will be used for general corporate purposes, including purchasing Bitcoin in accordance with the company's investment policy.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo