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The latest sell-off came after the video game chain announced plans to raise $1.3 billion through the sale of convertible senior notes to purchase bitcoin.
GameStop stock price craters on the back of an unexpected announcement that seemingly shook investors' confidence in the company.
Shares of GameStop (GME) are under pressure on Thursday, reversing course after rallying on Wednesday, following the company’s announcement ...
Under the latest sale, a round of convertible debt will require issuing ... "We suspect that GameStop's share price will drift lower prior to the issuance of the convert, particularly given ...
GameStop has raised $1.5 billion through its convertible debt offering, with the proceeds flagged for general corporate ...
GameStop adopts bold strategies like Bitcoin reserves & convertible bonds to offset decline. Explore its pivot for ...
GameStop announces a $1.3 billion convertible notes offering with plans to potentially buy Bitcoin — mirroring MicroStrategy’s treasury strategy.