GameStop’s $1.75 Billion Raise Sparks Bitcoin Investment Speculation

GameStop Corp. has announced a strategic move to raise $1.75 billion through a private offering of convertible senior notes, with an option to increase the offering by an additional $250 million. The proceeds from this offering are intended for general corporate purposes, which may include potential acquisitions and investments in line with the company's treasury strategy. Notably, market speculation is rife that a portion of these funds could be allocated toward Bitcoin purchases, echoing the company's previous interest in cryptocurrency investments. This development has sparked discussions about the potential impact on Bitcoin's price and the broader crypto market, as institutional interest continues to grow. The announcement comes at a time when Bitcoin is gaining traction as a hedge against inflation and a store of value, further fueling optimism among crypto enthusiasts. If GameStop proceeds with Bitcoin investments, it could signal a significant endorsement from a major retail player, potentially driving further adoption and price appreciation. The crypto community is closely watching for any official confirmation, as such a move could have far-reaching implications for both GameStop and the digital asset ecosystem.

GameStop to Raise $1.75 Billion Through Convertible Senior Notes Offering

GameStop Corp. has announced plans to raise $1.75 billion through a private offering of convertible senior notes, with an option for an additional $250 million. The proceeds are earmarked for general corporate purposes, including potential acquisitions and investments aligned with its treasury strategy.

Market speculation suggests a portion of the funds could be directed toward Bitcoin purchases, following the company's recent acquisition of 4,710 BTC worth $512 million. GameStop's move mirrors a growing trend among corporations leveraging cryptocurrency as an inflation hedge.

GameStop Plans $1.75B Raise, Fueling Bitcoin Acquisition Speculation

GameStop Corp. is seeking to raise $1.75 billion through a private offering of convertible senior notes due in 2032, according to a June 11 press release. The move signals a potential expansion of its digital asset investments, including bitcoin acquisitions, under a revised investment strategy.

The zero-coupon notes will be offered to qualified institutional buyers under Rule 144A, with an option for initial purchasers to acquire an additional $250 million within 13 days. These unsecured notes bear no interest, do not accrete, and mature on June 15, 2032, unless converted, redeemed, or repurchased earlier. Conversion settlements may be made in cash, stock, or a combination.

While GameStop has not specified investment targets, proceeds are earmarked for general corporate purposes, including acquisitions and investments aligned with its Investment Policy. This policy explicitly permits allocations to Bitcoin and other blockchain-based assets, mirroring strategies employed by firms like MicroStrategy, which has amassed over 200,000 BTC as a treasury reserve.

Market speculation about GameStop's potential Bitcoin exposure has intensified in recent weeks, reflecting growing institutional interest in cryptocurrency as a strategic asset.

Bitcoin Miner Bitdeer Boosts BTC Production as Mining Industry Rebounds

Bitcoin miners faced significant challenges earlier this year as the price of BTC plummeted, squeezing profit margins. The tide has turned with Bitcoin's resurgence, reaching a new all-time high in May and sustaining NEAR those levels. Nasdaq-listed Bitdeer exemplifies this recovery, increasing its BTC production by 18% in May compared to April, minting 196 BTC.

The company's hashrate ROSE to 13.6 exahash per second, up from 12.4 in April, driven by new mining equipment. Other major miners—CleanSpark, MARA, Riot Platforms, and HIVE—also reported higher BTC output in May, signaling broader industry momentum.

Despite the rebound, mining remains fiercely competitive. Post-halving rewards dropped from 6.25 BTC to 3.215 BTC per block, compounding pressure from fluctuating BTC prices. The sector's resilience hinges on operational efficiency and strategic hardware upgrades.

Bitwise CIO Highlights Accelerated Corporate Bitcoin Adoption as 'Best Horse in the Race'

Bitwise Chief Investment Officer Matt Hougan has labeled Bitcoin as the "best horse in the race" for corporate treasury reserves, citing its growing adoption among public companies. Speaking on CNBC, Hougan emphasized that 79 listed firms now hold approximately $57 billion worth of Bitcoin as of March-end, a trend he expects to accelerate.

Historically, corporations parked surplus cash in short-term Treasuries or bank deposits. However, Hougan argues that unprecedented fiscal deficits and money creation are driving finance chiefs toward Bitcoin as a store of value. "They need another way to protect their wealth from degradation," he said. "And they’re turning to the best horse in that race, which is Bitcoin."

Equity markets have rewarded companies disclosing Bitcoin purchases, further incentivizing balance-sheet exposure. Hougan linked this demand to Bitcoin’s emerging role as "digital gold." Binance Research’s June report corroborates the trend, revealing 116 public firms now control 809,100 BTC—up from 312,200 a year earlier—with over 25 companies announcing new allocations since April.

Monthly corporate buying now averages 40,000 BTC, bolstered by recent entrants like TRUMP Media and GameStop. The data underscores a seismic shift in institutional confidence, with Bitcoin’s scarcity and inflation-resistant properties resonating amid macroeconomic uncertainty.

Peter Thiel-Backed Bullish Crypto Exchange Files Confidentially for U.S. IPO

Bullish, the institutional-focused cryptocurrency exchange backed by Peter Thiel's Founders Fund, has confidentially filed for a U.S. initial public offering. This marks the firm's second attempt at going public after its 2021 SPAC merger collapsed during the crypto winter.

The filing comes as Bitcoin surges past $110,000 and regulatory tides shift favorably for digital assets. Bullish's MOVE follows Circle's successful $1 billion IPO earlier this month, with Gemini also preparing to list. The exchange differentiates itself through its institutional-grade infrastructure and $300 million war chest from investors including Galaxy Digital.

Bitcoin Price Prediction 2025: Calm Before the Next Storm?

Bitcoin's price stability above $100,000 for 30 consecutive days marks a historic milestone, fueling speculation about its next move. Institutional adoption has surged, with 116 public companies now holding 809.1K BTC—a dramatic increase from 312.2K a year ago. MicroStrategy and other corporations have accelerated accumulation since November 2024, coinciding with Bitcoin's breakout from consolidation.

May's CPI inflation data rose to 2.5% YoY, matching expectations without unsettling markets. Bitcoin, equities, and altcoins showed quiet resilience, suggesting investors now view mild inflation as the new normal. Attention has shifted to rate decisions, ETF flows, and macro narratives rather than isolated economic indicators.