GameStop (GME) announced a $1.75 billion convertible senior note offering after U.S. markets closed on Wednesday. According to a press release, proceeds will be used in line with the company’s Investment Policy, which—per a March announcement—includes adding bitcoin to its treasury. GameStop has already acquired 4,710 BTC for roughly $500 million following a $1.3 billion capital raise earlier this year. The new notes, offered only to qualified institutional buyers, mature in June 2032, carry no regular interest, and include an option for buyers to purchase an additional $250 million in notes within two weeks of issuance. Source: Coindesk
