GameStop's Bid to Issue $1.3 Billion in Debt to Buy Bitcoin Falls Flat
GameStop didn’t say how much Bitcoin it would buy, but at the current price of $85,368, the full $1.3 billion could purchase 15,228 bitcoin, making the video game retailer one of the largest corporate holders of crypto. As of last Monday, Strategy owned 506,137 that it paid $33.7 billion for at an average price of $66,608 each.
GameStop adopts bold strategies like Bitcoin reserves & convertible bonds to offset decline. Explore its pivot for ...
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GameStop Stock Takes Big HitGameStop stock price craters on the back of an unexpected announcement that seemingly shook investors' confidence in the ...
Under the latest sale, a round of convertible debt will require issuing ... "We suspect that GameStop's share price will drift lower prior to the issuance of the convert, particularly given ...
GameStop announces a $1.3 billion convertible notes offering with plans to potentially buy Bitcoin — mirroring ...
Breaking down GameStop's new Bitcoin Treasury strategy, it's most recent note offering, and how its bitcoin purchases could ...
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