GameStop Corp., the renowned video game retailer, has announced plans to diversify its corporate holdings by adopting Bitcoin as a treasury reserve asset. The company intends to raise $1.3 billion through a convertible senior notes offering, with proceeds earmarked for Bitcoin acquisition and general corporate purposes.
This strategic move aligns GameStop with other corporations integrating cryptocurrency into their financial strategies, aiming to enhance financial flexibility and innovation.
Source: MarketWatch – Why GameStop is trying to be the next MicroStrategy with its Bitcoin move
Stay informed with the latest crypto developments on bitcoin24.com.
– €
