GameStop Bolsters Bitcoin Reserves with $2.25 Billion Convertible Note Upsize

GameStop has significantly expanded its financial resources by increasing its convertible note offering to $2.25 billion, aiming to attract institutional investors. This move comes as the company shifts towards integrating Bitcoin into its treasury strategy under CEO Ryan Cohen. The proceeds from this financing, set to close on June 17, 2025, could be used for general corporate needs and potentially bolster GameStop’s Bitcoin holdings. The increased funding follows GameStop’s recent announcement of a shift toward diversifying its financial reserves with Bitcoin as part of a broader strategy.