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GameStop Raising Another $1.75B for Potential Bitcoin Purchases
Said investment policy is to add bitcoin as a treasury reserve asset, according to a March release from the company. Today's offering, only open to qualified institutional buyers, includes an option for purchasers to buy an additional $250 million in notes within two weeks of the initial issuance,
Shares of the video game retailer GameStop ( GME -23.62%) had tanked roughly 19%, as of 10:18 a.m. ET today. The company announced plans to issue $1.75 billion in convertible notes for "general ...
GameStop (GME) shares dropped nearly another 6% on Thursday as investors continued to sell the news of the company's disclosure of its initial bitcoin acquisitons.
GameStop has increased its convertible note offering to $2.25 billion, up from the $1.75 billion announced earlier this week.
Based on CoinGecko data from June 12, Bitcoin is trading at $107,647, valuing GameStop’s crypto purchase at approximately ...
GameStop investors ask about company path, capital raising at rescheduled annual shareholder meeting
Meeting was adjourned last week after demand from shareholders caused the webcast to crash Shareholders of meme stock GameStop Corp. asked about the company's recent $2.14 billion stock sale and ...
Zacks Investment Research on MSN1d
GameStop Stock Selloff Explained - Buy Chance or Value Trap?Video game retailer GameStop Corp. GME shares had unpredictable price swings in 2021 due to a short squeeze, followed by a steady decline. GameStop’s shares recently plunged due to lower quarterly ...
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