GameStop Raises $1.75 Billion in Convertible Notes, Potential Bitcoin Investments Spur Market Reaction

GameStop has announced a major capital infusion of $1.75 billion through the issuance of convertible senior notes. This move signifies the company’s ongoing strategic shift towards embracing digital assets and investing in bitcoin. The announcement triggered immediate market volatility, resulting in a decline of over 5% for GameStop shares during trading and further drops after hours.