GameStop Doubles Down on Bitcoin with $2.25 Billion Funding Strategy

GameStop Corp. has significantly expanded its funding strategy, raising a new convertible note offering of $2.25 billion to support its aggressive Bitcoin acquisition plans. The move comes in response to market trends and the company’s commitment to diversifying its treasury holdings. While this expansion is significant, it has led to a 22% drop in GameStop’s stock price due to concerns about dilution.