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GameStop Announces Plans to Raise $1.3B to Buy Bitcoin

The original memestock is following the Michael Saylor playbook now.
GameStop Announces Plans to Raise $1.3B to Buy Bitcoin
Bankless Bankless
Mar 27, 2025 • 1 min read
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GameStop reveals plans to raise $1.3 billion via convertible notes, following MicroStrategy’s model to acquire Bitcoin Bitcoin as a corporate asset.

What’s the Scoop?

  • Debt Offering: GameStop plans to issue $1.3 billion in convertible senior notes maturing in April 2030 to fund its Bitcoin purchase.
  • Corporate Treasury Shift: Proceeds are aimed at acquiring Bitcoin as a treasury asset, marking a strategic pivot for the retailer.
  • Cash Reserves: Despite holding $4.7 billion in cash, GameStop aims to leverage debt to optimize Bitcoin holdings.

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