GameStop's Bitcoin investment plan is named "Project Rocket"

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According to ChainCatcher and Bitcoin Magazine, GameStop's Bitcoin investment plan is named "Project Rocket".

Previous reports suggest that GameStop (GME) may have started or is about to start purchasing Bit after completing a $1.3 billion five-year convertible bond issuance. According to documents disclosed after Monday's US stock market close, underwriters have fully exercised the $200 million overallotment option, bringing the total issuance to $1.5 billion. After deducting fees, the company's net fundraising amount is $1.48 billion.

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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.
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