GameStop Corp. successfully closed on a $1.5 billion capital raise through the sale of convertible senior notes on April 1, 2025. This financing event significantly boosts the company's liquidity and financial reserves.
The proceeds from this offering are primarily intended to be used for the acquisition of Bitcoin. This action aligns with GameStop's recently updated investment policy, which now includes Bitcoin as a treasury reserve asset.
The successful completion of this capital raise provides GameStop with substantial financial resources to execute its new strategy of investing in cryptocurrency. This move is a key step in its ongoing transformation efforts.
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