GameStop is issuing convertible notes worth $1.75 billion to raise capital, with the option for additional note purchases of up to $250 million. The proceeds will be allocated towards general corporate purposes, including strategic acquisitions and investments in line with their updated treasury policy. In March, GameStop shifted its investment strategy by incorporating Bitcoin as a reserve asset on its balance sheet. The company’s decision marks a significant step for the video game retailer, which experienced increased attention from retail traders following its ‘meme stock’ surge in 2021. Though the exact timeline and allocation of funds remain undisclosed, GameStop is aligning itself with the growing trend of companies incorporating digital assets into their treasury management strategies.