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07/14 10:29

GME Tumbles After GameStop Announces Proposed $1,7

GME Tumbles After GameStop Announces Proposed $1,750,000,000 Convertible Bond Offering To Possibly Buy More BTC: Report

GameStop (GME) stocks are falling following the announcement of a proposal to potentially purchase more Bitcoin (BTC). Yesterday, GameStop announced a proposed private offering of $1.75 billion worth of senior convertible notes. “GameStop Corp. (NYSE: GME) (‘GameStop’) today announced that it intends to offer, subject to market conditions and other factors, $1.75 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the ‘notes’) in a private offering (the ‘offering’) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the ‘Securities Act’). GameStop also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and 

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