GameStop has completed 1.30 billion USD convertible note issue and is about to buy bitcoin
GameStop (ticker: GME), the US video game retailer that may be about to or has already begun allocating bitcoin assets, issued a $1.30 billion five-year convertible note that was fully subscribed, including greenshoes, raising a total of $1.50 billion and net income after fees of $1.48 billion, according to a regulatory filing after the US market closed on Monday.
Previously, at the time of the fourth-quarter earnings announcement, GameStop's board of directors, led by CEO Ryan Cohen, had passed a resolution to update the company's investment policy and include bitcoin in its balance sheet allocation.