GameStop Corp. has announced plans to raise $1.75 billion through a private offering of convertible senior notes due 2032. This move follows the company’s recent acquisition of over 4,700 Bitcoins, revealing a clear shift in its financial strategy.
While the company positions the offering for general corporate purposes, the timing aligns closely with its new crypto-focused investments. With Bitcoin prices swinging near $107,000, the retailer appears to be reshaping its balance sheet to support future growth.
These recent decisions suggest GameStop is pursuing long-term diversification amid ongoing transformation.
Source:
Blockonomi