24/7 Cryptocurrency News

GameStop To Raise $1.75 Billion For Probable Bitcoin Purchase

GameStop might be increasing its Bitcoin holdings after announcing a plan to raise $1.75 billion from the sale of convertible senior notes.
Published by
GameStop To Raise $1.75 Billion For Probable Bitcoin Purchase

Highlights

  • GameStop has confirmed plans to raise $1.75 billion via convertible senior notes.
  • There is speculation that the new raise will be deployed toward buying additional Bitcoin.
  • GameStop has purchased 4,710 BTC for $516m in an attempt to mirror Michael Saylor's Strategy.

Barely 24 hours after announcing a massive Bitcoin purchase, GameStop has revealed its intention to raise $1.75 billion from investors. While the exact purpose of the raise is not explicitly stated, growing optimism suggests it will fund the company’s ongoing Bitcoin accumulation strategy.

Advertisement

GameStop Leans on Convertible Notes for $1.75 Billion Raise

Video game retailer GameStop is turning to debt offerings to raise nearly $2 billion following its lukewarm Q1 2025 financial results. According to a press release, the company is offering $1.75 billion worth of convertible senior notes in a private placement to investors.

According to the report, the investors are “qualified institutional buyers,” with GameStop also offering an additional $250 million in notes within 13 days of the initial issuance. GameStop’s disclosure notes that the convertible notes will not bear regular interest and will mature in mid-2032.

The press release states that the funds raised from the convertible senior notes will be reinvested in line with the company’s investment policy. Recently, GameStop acquired 4,710 BTC, fueling speculation that the new capital raise is aimed at supporting its Bitcoin accumulation efforts.

“GameStop intends to use the net proceeds from the offering for general corporate purposes, including making investments in a manner consistent with GameStop’s Investment Policy and potential acquisitions,” the press release reads.

Advertisement

GME Stock Down, but Bitcoin Accumulation Spree Gathers Steam

Despite the proposed $1.75 billion private offering, GameStop’s stock has taken a significant hit over the past day. GME is trading at $28.55, down 5%, with the Bitcoin purchase announcement failing to boost share prices.

A disappointing Q1 performance has added to the downward pressure on GME. GameStop’s revenue for the quarter fell short of Wall Street expectations as the company continued to struggle in its core gaming segment due to the growing shift toward digital gaming and streaming services.

Several companies with an interest in Bitcoin are raising funds to power their BTC purchase, led by Michael Saylor’s Strategy. Last week, Trump Media raised $12 billion for a probable Bitcoin purchase for its treasury operations.

Meanwhile, Metaplanet is raising $5.4 billion to fund its Bitcoin acquisition spree as the scramble to accumulate BTC intensifies. Strive Asset Management, Strategy, and Semler Scientific are leaning on debt offerings to raise money for their Bitcoin operations.

Advertisement

Share
Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025
  • 24/7 Cryptocurrency News

Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown

Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…

October 4, 2025
  • 24/7 Cryptocurrency News

FLOKI Makes History With First ETP in Europe as Price Surges 30%

FLOKI has announced the launch of the first BNB chain exchange-traded product (ETP) in Europe.…

October 4, 2025
  • 24/7 Cryptocurrency News

BNB Rally to $1,300 Will Continue As Binance Hits Crucial Q3 Milestone, Says Expert

Binance Coin (BNB), the native cryptocurrency of BNB Chain, has surged another 8% today, moving…

October 4, 2025