Retail trading giant GameStop has filed for a mixed shelf offering seeking to raise up to $1.75 billion.
The company simultaneously announced a strategic shift in its treasury management, incorporating Bitcoin into its holdings.
This move signifies GameStop’s adoption of Bitcoin as a reserve asset, aligning with a growing corporate trend of diversifying treasury strategies beyond traditional assets.
The proceeds from the offering are intended for general corporate purposes, which may include funding future acquisitions, investments, and working capital.