GameStop Raising Another $1.75B for Potential Bitcoin Purchases

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 "making investments in a manner consistent with GameStop’s Investment Policy," per a company press release. Said investment policy is to add bitcoin as a treasury reserve asset, according to a March release from the company source: https://www.coindesk.com/business/2025/06/11/gamestop-raising-another-175b-for-potential-bitcoin-purchases