GameStop Invests $1.5 Billion in Bitcoin

Video game retailer GameStop has completed a $1.5 billion debt offering and will allocate a portion of the proceeds towards purchasing Bitcoin. The company is closing its physical retail stores globally to shift focus to cryptocurrency investments. 💰 According to an April 1 SEC filing, GameStop raised its initial target by $200 million after investors purchased additional notes. The proceeds will be used for general corporate purposes, including acquiring Bitcoin, as stated in the SEC filing.