{"id":31437,"date":"2025-06-11T21:31:42","date_gmt":"2025-06-11T21:31:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31437"},"modified":"2025-06-11T21:31:42","modified_gmt":"2025-06-11T21:31:42","slug":"gamestop-raising-another-1-75b-for-potential-bitcoin-purchases","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31437","title":{"rendered":"GameStop Raising Another $1.75B for Potential Bitcoin Purchases"},"content":{"rendered":"<div>\n<p>GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering.<\/p>\n<p>Proceeds will be used at least in part for &#8220;making investments in a manner consistent with GameStop\u2019s Investment Policy,&#8221; <a href=\"https:\/\/investor.gamestop.com\/news-releases\/news-details\/2025\/GameStop-Announces-Proposed-Private-Offering-of-1-75-Billion-of-Convertible-Senior-Notes\/default.aspx\">per a company press release<\/a>. Said investment policy is to add bitcoin as a treasury reserve asset, according to a <a href=\"https:\/\/investor.gamestop.com\/news-releases\/news-details\/2025\/GameStopAnnouncesUpdate-to-its-Investment-Policy-to-Add-Bitcoin-as-a-Treasury-Reserve-Asset\/default.aspx\">March release<\/a> from the company.<\/p>\n<p>Today&#8217;s offering, only open to qualified institutional buyers, includes an option for purchasers to buy an additional $250 million in notes within two weeks of the initial issuance,. The notes carry no regular interest and will mature in June 2032 unless they are converted or repurchased earlier.<\/p>\n<p>Following the March announcement of the bitcoin treasury strategy, GameStop raised $1.3 billion through another convertible note offering. The company <a href=\"https:\/\/www.coindesk.com\/business\/2025\/05\/28\/gamestop-purchases-over-usd500m-worth-of-bitcoin\">subsequently purchased<\/a> 4,710 bitcoin for roughly $500 million during May.<\/p>\n<p>GME shares were lower by 10% in after hours trading.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering. Proceeds will be used at least in part for &#8220;making investments in a manner consistent with GameStop\u2019s Investment Policy,&#8221; per a company press release. Said investment policy is to add bitcoin as a treasury reserve asset, [&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-31437","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\/31437","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=31437"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31437\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}