GameStop Corp. (NYSE: GME) has introduced the pricing of its upsized sale of convertible senior notes due 2032. The established gaming retailer up-scaled its sale of notes from $1.75 billion, introduced earlier this week, to about $2.25 billion.
The corporate additionally introduced that preliminary purchasers of the notes will likely be given an choice to buy an extra $450 million inside a 13-day interval. Consequently, GameStop has estimated to boost as much as $2.68 billion after the sale of notes is closed June 17, 2025.
Might GameStop Be Getting ready for Extra Bitcoin Purchases?
The corporate indicated that the funds will likely be used to make strategic acquisitions and investments, which aligns with its long-term aim. As Coinpedia beforehand reported, GameStop has already disclosed holding round 4,710 Bitcoins, which had been bought in the course of the first quarter of 2025.
“GameStop intends to make use of the web proceeds from the providing for normal company functions, together with making investments in a fashion per GameStop’s Funding Coverage and potential acquisitions,” the announcement famous.
The corporate has been betting on an imminent parabolic rally of Bitcoin within the lengthy haul, fueled by clear crypto regulatory frameworks in the USA. Moreover, extra corporations have adopted within the footsteps of Technique in implementing a BTC treasury administration plan to hedge towards inflation.
On the time of this writing, round 228 entities, led by publicly traded corporations, have adopted a BTC treasury administration plan. Consequently, the provision of Bitcoin on centralized exchanges has continued to exponentially decline, thus additional exacerbating the prevailing provide vs demand shock.