GameStop plans to raise $1.3 billion to buy Bitcoin

Odaily News GameStop (GME.N) announced on Wednesday that it plans to privately place $1.3 billion in convertible senior notes due in 2030. In addition, the company said it would allow initial purchasers to purchase notes with a total principal amount of no more than $200 million. GameStop said in a statement: "The company hopes to use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop's investment policy." (Jinshi)