# GameStop Announces Plans to Raise $1.3B to Buy Bitcoin

*Author: Bankless*
*Published: Mar 27, 2025*
*Source: https://www.bankless.com/read/gamestop-announces-plans-to-raise-1-3b-to-buy-bitcoin*

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GameStop reveals plans to raise $1.3 billion via convertible notes, following MicroStrategy’s model to acquire 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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