Bitcoin News: GameStop Plans $1.3 Billion Notes Offering to Fund Bitcoin Acquisition

In a bold move that underscores the growing adoption of Bitcoin among mainstream companies, video game retailer GameStop has announced plans to raise $1.3 billion through the issuance of convertible senior notes. The funds will be used for various corporate purposes, with a significant portion earmarked for the acquisition of Bitcoin.

GameStop Plans to Raise $1.3 Billion to Buy Bitcoin

Video game retailer GameStop announced plans to offer up to $1.3 billion worth of convertible senior notes to investors. The proceeds will be used for general corporate purposes, including the acquisition of Bitcoin. The announcement comes after GameStop updated its investment policy to allow for the purchase of Bitcoin as a treasury reserve asset.

GameStop Unveils $1.3B Notes Offering to Fund Bitcoin Acquisition and Corporate Expansion

GameStop has announced plans to issue $1.3 billion in convertible senior notes to fund general corporate purposes and Bitcoin (BTC) purchases for its treasury. The move follows an updated treasury strategy that includes digital assets. While the exact amount of Bitcoin GameStop intends to acquire remains undisclosed, the filing confirms that part of the funds raised will support the integration of Bitcoin into its balance sheet. This aligns with a growing trend of corporations incorporating Bitcoin into their treasury reserves, although such activity has primarily been seen among technology or fintech firms. By allocating proceeds toward Bitcoin, GameStop signals a strategic diversification of its over $4.5 billion in cash.

Wyoming Governor Backs Away From State’s Failed Bitcoin Reserve Push

Wyoming Governor Mark Gordon distanced himself from a failed effort by legislators in his state to establish a Bitcoin reserve, emphasizing he’s focused on more practical crypto initiatives. Gordon stated that Wyoming has been methodical in its approach to crypto and noted Bitcoin’s volatility. The bill to create a Bitcoin reserve failed overwhelmingly in committee last month.

Best Bitcoin Casinos Australia 2025 – Top Australian Crypto Casino Sites

Cryptocurrency casinos are safer, more convenient, and offer more exciting games than traditional casinos. BitStarz is currently the best crypto casino in Australia, featuring thousands of games and a 5 BTC welcome pack. Other notable crypto casinos include Mystake with 6,000+ games, 87.com with a $1,600 welcome bonus + 400 FS, and GoldenBet. Read on to discover more top picks.

Bitcoin Price Breaks Out of Wedge Pattern Amid Neutral Sentiment

Last week, Bitcoin price entered a tight wedge pattern and has since pushed above its descending resistance line, resulting in a breakout amid improving market sentiment. The fear and greed index has recovered from 32 to 47 in the last 24 hours, shifting sentiment from fear to neutral. At the time of writing, Bitcoin had a price of $88,276, with its bullish breakout still holding some momentum. However, uncertainty remains about its trajectory for the rest of the week.