GameStop Doubles Down on Bitcoin Strategy with Major New Funding Round
GameStop just turbocharged its crypto ambitions—and Wall Street didn’t see it coming.
The retail investor darling secured fresh capital to expand its Bitcoin treasury strategy, signaling a deeper plunge into digital assets. No exact figures yet, but insiders confirm the move aligns with their aggressive crypto accumulation playbook.
Why it matters: While traditional finance scoffs at ''meme stocks playing banker,'' GameStop’s latest power move proves they’re dead serious about rewriting the rules. The funding could position them as an unlikely bridge between brick-and-mortar retail and decentralized finance.
Cynical take: Nothing says ''trust us with your money'' like a company that made headlines for burning short sellers now diving headfirst into crypto volatility. At least they’re consistent in their appetite for risk.
GameStop has announced a bold move to raise $1.75 billion by offering convertible senior notes, due in 2032, with zero interest. This decision comes just one day after the company revealed a massive Bitcoin purchase. The funds are expected to support GameStop’s futu... Read More
