Bitcoin News: GameStop Raises $1.5 Billion to Integrate Bitcoin into Its Balance Sheet

In a move that underscores the growing adoption of Bitcoin among mainstream companies, GameStop, the embattled video game retailer, has successfully raised $1.5 billion through a convertible debt issuance with the aim of integrating BTC into its balance sheet.

GameStop Raises $1.5 Billion to Integrate Bitcoin into Balance Sheet

GameStop, the video game retailer known for its market fluctuations, has raised $1.5 billion through a convertible debt issuance, exceeding its initial goal of $1.3 billion. The stated purpose of the fundraising is to integrate Bitcoin (BTC) into its balance sheet. The convertible bonds, which are exchangeable for shares by 2030, offer an initial conversion rate of 33 shares for $1,000. This bold financial strategy has received mixed reactions from analysts.

Bitcoin Price Holds Steady Ahead of Trump’s ’Liberation Day’ and Jobs Report

Bitcoin was broadly flat on Wednesday as the crypto markets await details of Donald Trump’s planned tariffs. The White House is describing April 2 as ’Liberation Day,’ with the president set to make an announcement at 4 p.m. Eastern Time. Uncertainty looms about which products imported to the U.S. will be most affected, as well as the countries that will be hardest hit. European stocks were trading lower, and many Wall Street firms are expecting heightened volatility in the S&P 500, which could prove problematic for Bitcoin as stock market sell-offs tend to have a negative impact on the world’s biggest cryptocurrency.

GameStop Raises $1.5 Billion for Bitcoin Acquisition

GameStop, the 2021 short squeeze icon, has successfully raised $1.5 billion through a private offering of five-year convertible notes. The company plans to use these funds to acquire Bitcoin for its treasury. In an April 1 filing with the U.S. Securities and Exchange Commission, GameStop disclosed it had completed the offering, including an additional $200 million in notes purchased under the initial purchaser’s option. After discounts for the initial purchaser and company expenses, the net proceeds amounted to $1.48 billion. This move follows the company’s announcement last week of its intention to add Bitcoin, the world’s oldest and largest cryptocurrency, to its balance sheet.

Stablecoins can hold central banks fiscally accountable | Opinion

Just last month, the United States proposed a Federal Bitcoin Reserve. Recently, the UAE Mubadala Sovereign Wealth Fund invested $436 million in Bitcoin (BTC). Connections to Bitcoin, the world’s most dominant cryptocurrency, are also found in Norway’s Government Pension Fund and a Singaporean Sovereign Wealth Fund, Temasek. It’s extremely clear that Bitcoin is rapidly gaining financial authority worldwide, and global cryptocurrency adoption is also on the rise, particularly in Asia, with India, Indonesia, and Nigeria being the top three countries leading crypto adoption in 2024. Bitcoin and other decentralized currencies represent a rejection of tradition.

Metaplanet Acquires 160 BTC, Reports 95.6% BTC Yield in Q1

Japanese hotel company Metaplanet (3350) has acquired an additional 160 BTC at an average purchase price of approximately $83,600 per BTC, bringing its total Bitcoin holdings to 4,206 BTC. The company reported a 95.6% BTC yield in Q1 2025, while achieving a 3.9% BTC yield so far in Q2. BTC yield refers to the change in the ratio of total bitcoin holdings to the fully diluted shares outstanding over a given period. Metaplanet’s Tokyo-listed shares closed down 1.22% at 404 yen on Tuesday.

Crypto Daybook Americas: Bitcoin Resilient Amid Market Uncertainty

President Trump’s so-called Liberation Day has arrived, and markets are nervously awaiting developments on U.S. tariffs. The mood within the administration appears far from optimistic, with Commerce Secretary Howard Lutnik potentially becoming the scapegoat for overly aggressive tariffs if the U.S. were to head into a recession. According to the Atlanta Fed’s GDPNow model, a recession looks likely, projecting a first-quarter contraction of -3.7% for U.S. real GDP, a dramatic downward revision from earlier estimates. Despite this uncertainty, Bitcoin has shown resilience.