PANews reported on April 2 that according to The Block, GameStop, an electronic game retailer, announced on Tuesday that it raised $1.5 billion through a private placement of convertible bonds and plans to use the proceeds to purchase Bitcoin. The company's filing with the U.S. Securities and Exchange Commission (SEC) shows that it has completed a $1.5 billion senior convertible bond issuance due in 2030 with a coupon rate of 0.00%, including the underwriters' full exercise of a $200 million over-allotment option. This move is similar to Strategy company's strategy of turning to Bitcoin acquisition in August 2020.
