GameStop Invests $1.75 Billion in Bitcoin Through Convertible Notes

GameStop has announced plans to raise $1.75 billion through a convertible notes sale, fueling speculation about a potential increase in its Bitcoin holdings. The move follows a change to GameStop’s investment policy allowing Bitcoin as an asset for the company’s treasury. While the exact details of the investment strategy are not yet known, this indicates a significant shift towards cryptocurrencies as part of the company’s financial strategy. This decision echoes similar moves by other major corporations like MicroStrategy and Tesla, highlighting a trend in institutional investment in Bitcoin.