Video game retailer GameStop recently secured $1.5 billion in funding through a private offering of convertible notes. The company will allocate this capital towards investing in Bitcoin. A SEC filing confirms the completion of the offering, which includes an additional $200 million purchased by an initial investor. GameStop’s stock price initially surged following this news. However, it later declined, suggesting some investors are skeptical about the company’s plan to incorporate Bitcoin into its treasury holdings. This move echoes a strategy adopted by Strategy, which began investing in Bitcoin in August 2020. Nathan Cox, chief investment officer at Two Prime Digital Assets, offered his perspective on the GameStop decision.