GameStop Secures $1.5 Billion Debt to Invest in Bitcoin

Video game retailer GameStop Corporation has completed a successful convertible debt offering that raised $1.5 billion, paving the way for potential Bitcoin investments. The company intends to utilize a portion of these proceeds to acquire Bitcoin as part of its broader investment strategy, according to an April 1 SEC filing. The offering exceeded initial expectations by securing an additional $200 million beyond the original target of $1.3 billion. The notes are convertible into equity and will mature in 2030.