GameStop has acquired approximately 4,710 Bitcoin (BTC) worth $500 million as part of its corporate strategy to hedge against inflation. CEO Ryan Cohen announced the investment, positioning it as a response to persistent supply chain disruptions and rising hardware costs… Read More »GameStop Invests $500M in Bitcoin for Inflation Hedge, Explores Crypto Payments
GameStop has increased the size of its ‘at-the-market’ offering of convertible senior notes to $2.25 billion, up from an initially planned $1.75 billion, in a bid to bolster its financial flexibility. The notes carry no interest and are convertible into… Read More »GameStop Boosts Convertible Bond Offering to $2.25B for Flexibility Amid Crypto Shift
GameStop has significantly increased its private offering of convertible senior notes from $1.75 billion to $2.25 billion, aiming to bolster financial flexibility and support its ongoing business transformation. The company also revealed a strategic move into digital assets, disclosing the… Read More »GameStop Expands Convertible Note Offering to $2.25B, Adds Bitcoin to Treasury
GameStop has announced a dramatic financial turnaround in its first-quarter results, reporting net income of $44.8 million compared to a net loss of $32.3 million during the same period last year. This reversal was driven by aggressive cost-cutting measures and… Read More »GameStop Posts Q1 Profit Surge and Enters Bitcoin Market with Strategic Investment