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GameStop Raises Additional $450 Million for Bitcoin Investment
Summary: According to reports, GameStop has raised an additional $450 million due to underwriters exercising their over-allotment option, bringing the total raised from the company's mid-June convertible bond issuance to $2.7 billion. The funds will be used for corporate purposes and investments, including continuing to acquire Bitcoin as a treasury reserve asset.
According to reports, GameStop has raised an additional $450 million due to underwriters exercising their over-allotment option, bringing the total raised from the company's mid-June convertible bond issuance to $2.7 billion. The funds will be used for corporate purposes and investments, including continuing to acquire Bitcoin as a treasury reserve asset.
