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GameStop Adopts Strategy's Bitcoin Playbook, Announces $1.3B Offering; Michael Saylor Lauds Move

Strategy
International Business Times Fews App News Provider
Fews App Post Time 5d ago

GameStop GameStop GameStop on X / Video Screenshot KEY POINTSGameStop previously announced its board has unanimously approved diversifying the company's portfolio to include $BTCThe senior notes plan is very similar to how Strategy has acquired its $BTC over the yearsStrategy's Michael Saylor has been very active in lauding GameStop's decisionVideo game retail giant GameStop has announced its plans to offer $1. 3 billion in convertible senior notes to qualified institutional buyers, and an undisclosed amount will be used to acquire Bitcoin. The big news came just a day after the gaming retailer, which evolved into a meme stock leader over the years, announced its board has unanimously agreed to diversify GameStop's investment portfolio to include Bitcoin.

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