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GameStop plans to issue $1.3 billion in notes, part of which will be used to buy Bitcoin.
GameStop plans to issue $1.3 billion in convertible senior notes, with part of the proceeds to be used for purchasing Bitcoin.
This move follows an update to the company’s investment policy to include digital assets in its treasury reserves.
The decision could boost the cryptocurrency market, particularly meme coins like DOGE and SHIB, which have seen gains since the announcement.
The notes will mature in 2030 and can be converted into cash or GameStop stock.
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GameStop planea emitir USD 1.3 mil millones en pagarés, parte de los cuales se utilizarán para comprar Bitcoin.