GameStop Plans $1.75 Billion Bitcoin Investment

GameStop Corp. has announced a $1.75 billion convertible senior notes offering, aimed at acquiring Bitcoin. The move is part of a broader digital asset strategy designed by GameStop’s leadership.

The funding highlights GameStop’s shift towards digital assets, potentially impacting Bitcoin prices and corporate cryptocurrency adoption.

GameStop’s latest financial strategy includes raising $1.75 billion through zero-coupon convertible senior notes. This move, targeting institutional investors, aims to bolster the company’s digital asset holdings, specifically Bitcoin, in line with its revised investment policy.

This strategic turn sees GameStop following the footsteps of firms like MicroStrategy, known for using similar financing to acquire BTC. The leadership is positioning the company as a significant player in the corporate cryptocurrency realm.

The stock market reacted negatively to GameStop’s announcement, with GME shares dropping 5% intraday, extending to a 10% decline post-market. Despite this, the long-term impact on Bitcoin remains a focal point for market analysts.

No direct executive or major KOL tweets or statements on official channels regarding this raise or Bitcoin acquisition have been identified as of June 11, 2025.

The $1.75 billion raised will support general corporate purposes, including expanding GameStop’s Bitcoin reserves. This move underscores the growing trend of corporate Bitcoin adoption, although regulatory and market reactions remain to be seen.

Historical trends suggest such corporate actions may pressure Bitcoin prices upward, though immediate market responses show limited direct influence. Analysts monitor the interplay between corporate announcements and Bitcoin market fluctuations.