Gamestop (GME), the embattled video game retailer with a stock, announced on Wednesday a $ 1.75 billion of a replaceable senior note offered.
Revenues will be used at least in part for “making investments in a manner consistent with Gamestop’s investment policy,” every one press release company. The investment policy says to add bitcoin as a reserve of treasury, according to a Exit March from the company.
The offer today, only open to qualified institutional buyers, includes the option for consumers to buy an additional $ 250 million in notes within two weeks of initial release ,. The notes have no regular interest and matters in June 2032 unless they have been converted or re -sold earlier.
Following the March announcement of the Bitcoin Treasury strategy, Gamestop raised $ 1.3 billion through another changing note offering. The company Subsequently purchased 4,710 bitcoin for nearly $ 500 million in May.
GME shares are less than 10% in after trading time.
