Only 24 hours after adding its name to the list of companies that are pursuing a Bitcoin (BTC), GAMESTOP (GME) – CEO Ryan Cohen CEO – also adds its name to these companies issuing a convertible debt to collect funds for the acquisition of BTC.
The $ 1.3 billion in convertible higher tickets will have a five -year deadline, according to a press release, and the Greenshoe subscriber is up to an additional $ 200 million. The paper will be delivered with a 0%coupon.
“GAMESTOP plans to use the net product of the offer for general corporate purposes, including the acquisition of Bitcoin in a manner in accordance with the Gamestop investment policy,” said the press release.
By making this decision, Gamescop joins the tastes of Michael Saylor-Dired Strategy (MSTR), Semler Scientific (SMLR), Mara Holdings (Mara) and Riot Platforms (Riot) as companies issuing a convertible debt for Bitcoin purchases.
GME shares are down 7% in the event of negotiation after opening hours after an advance of 11.7% during the regular session on Wednesday. Bitcoin seems to bounce back from its worst levels of the day to the news, withdrawing $ 87,000 after dropping up to $ 86,000 86,000.
