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Cryptocurrency News Articles
GameStop (GME) Prices $1.3B Bitcoin-Convertible Note Offering, Setting Stage for BTC on Its Balance Sheet
Mar 28, 2025 at 12:03 pm
GameStop (GME) has priced its previously announced private offering of $1.3 billion in convertible senior notes, setting the stage for the company's foray into having bitcoin (BTC) on its balance sheet.
Video game retailer GameStop (NYSE:GME) has priced its previously announced private offering of $1.3 billion in convertible senior notes, setting the stage for the company's foray into having bitcoin (BTC) on its balance sheet.
The zero-coupon notes, due in 2030, will initially convert at a rate of 33.4970 shares per $1,000, representing an initial conversion price of approximately $29.85 per share.
GameStop (GME) closed at $22.09 at the end of the Thursday trading day in New York, putting the bitcoin notes at an approximately 35% premium over its most recent closing price.
Since announcing its BTC bond strategy, GME's stock is down – over 22% during Thursday's trading day – as investors approach this with skepticism despite CEO Ryan Cohen positioning this strategic shift toward bitcoin as a means to leverage the company’s sizeable cash reserves
Should the sale be successful and hit its targets, GME would be the fourth largest corporate holder of BTC, behind miner behind Riot Platforms (NASDAQ:RIOT) and ahead of Tesla (NASDAQ:TSLA).
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- Beat Holdings Ltd. Boosts Investment in Bitcoin (BTC) Exchange-Traded Funds (ETFs)
- May 12, 2025 at 02:50 pm
- Publicly-listed Beat Holdings Ltd. said Thursday it will boost its investment in Bitcoin-related exchange-traded funds, becoming the latest Tokyo-listed firm to deepen exposure to digital assets
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- Bitcoin (BTC) Price Prediction: BTC/USD Stalls After Rallying to $104,500, Setting the Stage for a Potential Retracement
- May 12, 2025 at 02:45 pm
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- TRON (TRX) has managed to find a place among the first ten cryptocurrencies, boasting a market capitalization of $25.04 billion.
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- Uniswap Has Created History, It Has Become the First Decentralized Exchange (DEX) to Cross the $3 Trillion Trading Volume Mark
- May 12, 2025 at 02:40 pm
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- Troller Cat ($TCAT) Presale Officially Launches, Promising 6000%+ ROI
- May 12, 2025 at 02:35 pm
- After smashing through the $100K ceiling again, Bitcoin hasn't just reignited interest in blue-chip crypto—it's triggered a tidal wave of meme coin mania. Welcome to May 2025, where meme coins are back, bolder, and barking for your attention. But one feline is clawing past them all: Troller Cat.
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