GameStop completes $1.5B sale, eyeing Bitcoin acquisition

GameStop, the video game retailer, has completed an offer of $ 1.5 billion in tickets for convertible elderly people, with funds for using funds to buy Bitcoin for his treasure.

The sale, completed on April 1, 2025, raised $ 1.48 billion after the costs, according to the company deposit With the Securities and Exchange Commission. Gamesop was initially aimed at lifting $ 1.3 billion in plans to add Bitcoin to its list of treasure assets.

The sale has exceeded expectations, with tickets of an additional $ 200 million sold. The company said that funds will be used for general business purposes, including Bitcoin purchases.

Gamescoin’s Gamesco’s decision is part of a broader trend in which listed companies diversify their balance sheets by holding the most popular cryptocurrency.

Similar to Strategy (formerly Microstrategy), which holds the largest Bitcoin treasure, GameStop has adopted the use of convertible first -class tickets to finance Bitcoin purchases. The strategy currently has more than 500,000 Bitcoin, which is estimated at more than $ 45 billion.

The plan to invest in Bitcoin and the stablescoins caught by Us-Dollar was approved By GameStop’s Board on March 25. This new company will be funded by the cash reserves of $ 4.77 billion in the company. By including Bitcoin in his assets, Gamesop hopes to improve his financial situation and extend beyond his main retail sales activity.

However, concern were raised on this new direction. Bret Kenwell, analyst at Etoro, recently pointed out: “If Bitcoin will be the pivot, where does that leave everything else?”

Gamely’s decision to close several sites this year has revealed problems in its retail activity, adding to this concern. Despite the news, Gamesop actions have not increased much, closing the exchanges of the day to a slight increase of 1.34%.