PANews reported on March 27 that GameStop (GME.N) announced on Wednesday its plan to privately place convertible senior notes worth $1.3 billion, with a maturity date of 2030. Additionally, the company stated that it would allow initial purchasers to buy notes with a principal amount of up to $200 million. GameStop said in a statement: "The company intends to use the net proceeds from this issuance for general corporate purposes, including acquiring Bitcoin in a manner consistent with GameStop's investment policy."
