GameStop’s New Debt Offering Fuels Bitcoin Speculation
GameStop has announced a $1.75 billion private offering of convertible notes with zero interest rates that mature in 2032. This strategic move has sparked speculation that part of the funds could be used to enhance their Bitcoin holdings. The company already made headlines by acquiring 4,710 BTC in May, positioning them as the 13th largest corporate Bitcoin holder worldwide. Investors are eager to see how this plays out and its potential impact on both GameStop and Bitcoin prices.