{"id":20142,"date":"2025-04-02T06:31:49","date_gmt":"2025-04-02T06:31:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20142"},"modified":"2025-04-02T06:31:49","modified_gmt":"2025-04-02T06:31:49","slug":"gamestop-completes-stock-offering-now-has-1-5b-to-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20142","title":{"rendered":"GameStop Completes Stock Offering, Now Has $1.5B to Buy Bitcoin"},"content":{"rendered":"<div>\n<p>In a filing with the SEC on April 1, the video game retailer reported that it had completed a private offering of $1.5 billion in Convertible Senior Notes due 2030, including the full exercise of the initial purchaser\u2019s option for an additional $200 million.<\/p>\n<p>The <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/1326380\/000132638025000022\/gme-20250326.htm\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">filing<\/a> specifically mentioned Bitcoin in the \u201cProceeds\u201d section.\u00a0It stated that GameStop expects to use the net proceeds from the offering for \u201cgeneral corporate purposes, including the acquisition of Bitcoin in a manner consistent with the company\u2019s investment policy.\u201d<\/p>\n<p>This suggests that part of the $1.48 billion in net proceeds from these convertible notes could be used to purchase BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">JUST IN: GAMESTOP COMPLETES ITS $1.5B STOCK OFFERING<\/p>\n<p>GAMESTOP NOW HAS $1.5B TO BUY <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a> <a href=\"https:\/\/t.co\/SM9Nnsv8wE\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/SM9Nnsv8wE<\/a> <a href=\"https:\/\/t.co\/Nf32AwTfaw\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/Nf32AwTfaw<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1907167209358774669?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 1, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Another Corporate BTC Buyer<\/h2>\n<p>The offering is essentially a loan, in which the company borrows money and promises to repay it by a specific date, the maturity date.<\/p>\n<p>The \u201cSenior\u201d status means these notes have priority over other debts if the company goes bankrupt, and the \u201cConvertible\u201d feature means that holders can convert the notes into a predetermined number of the company\u2019s shares instead of receiving cash repayment.<\/p>\n<p>In late March, GameStop\u2019s board unanimously <a href=\"https:\/\/cryptopotato.com\/gamestop-bets-big-on-bitcoin-with-a-1-3b-purchase-plan\/\" data-wpel-link=\"internal\">approved<\/a> an update to add BTC to its investment policy. GameStop will join the ranks of <a href=\"https:\/\/cryptopotato.com\/strategy-resumes-multi-billion-dollar-bitcoin-purchases-by-acquiring-over-22k-btc\/\" data-wpel-link=\"internal\">Strategy<\/a>, Tesla, and <a href=\"https:\/\/cryptopotato.com\/metaplanet-increases-bitcoin-holdings-to-4046-btc-with-latest-acquisition\/\" data-wpel-link=\"internal\">Metaplanet<\/a> as a corporate Bitcoin investor.<\/p>\n<p>Company stock (GME) has gained almost 7% since the beginning of this week, when it traded below $21 briefly. It is down 28% since the beginning of this year but has doubled since the same time last year.<\/p>\n<h2>No Reaction From BTC Prices<\/h2>\n<p>Despite the positive development and Tether <a href=\"https:\/\/cryptopotato.com\/tether-boosts-bitcoin-reserves-with-735m-purchase\/\" data-wpel-link=\"internal\">announcing<\/a> the expansion of its Bitcoin holdings with a $735 million purchase in Q1, there was little reaction in BTC prices.<\/p>\n<p>BTC is up marginally on the day but has fallen back from its intraday high of $85,438 to trade at around $84,300 during the Wednesday morning Asian session.<\/p>\n<p>The asset has lost around 3.5% over the past seven days and has remained range-bound for the past month or so.<\/p>\n<p>Total crypto market capitalization declined marginally on the day and was around $2.8 trillion at the time of writing, down 17.5% since the beginning of this year.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/gamestop-completes-stock-offering-now-has-1-5b-to-buy-bitcoin\/\" rel=\"nofollow\">GameStop Completes Stock Offering, Now Has $1.5B to Buy Bitcoin<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a filing with the SEC on April 1, the video game retailer reported that it had completed a private offering of $1.5 billion in Convertible Senior Notes due 2030, including the full exercise of the initial purchaser\u2019s option for an additional $200 million. The filing specifically mentioned Bitcoin in the \u201cProceeds\u201d section.\u00a0It stated that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20142","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20142"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20142\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}