GameStop announced plans on Wednesday to issue $1.75 billion in zero-coupon convertible senior notes, signaling a possible move toward allocating capital into Bitcoin.
The offering includes an option for initial buyers to purchase an additional $250 million in notes, potentially increasing the total raise to $2 billion.
According to the company, the proceeds will be used for general corporate purposes, including strategic acquisitions and investments in line with its recently updated treasury policy. In March, GameStop revised its investment framework to allow Bitcoin to be held as a reserve asset on its balance sheet.
The move marks a significant step for the video game retailer, which has remained a prominent figure among retail traders since its rise as a memestock in 2021. The company did not confirm a direct Bitcoin purchase but pointed to its updated investment strategy as a guiding factor in potential allocation decisions.
By offering zero-coupon notes, GameStop aims to raise capital without immediate interest costs, while giving noteholders the option to convert their debt into equity under certain conditions. Such convertible instruments have previously been used by firms like Tesla and MicroStrategy to build sizable Bitcoin reserves.
While the exact timeline and allocation of proceeds remain undisclosed, GameStop’s move places it among a growing number of companies considering digital assets as part of treasury diversification.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/gamestop-to-raise-1-75b-via-convertible-notes-eyes-bitcoin-as-reserve-asset/