GameStop Raises Rp28 Trillion to Increase Bitcoin Holdings
GameStop (GME) announced plans to issue debt securities of US$1.75 billion or around Rp28 trillion. The company said that the funds will be used for general corporate purposes, including investments in accordance with their official policies. One form of investment is the purchase of digital assets such as Bitcoin (BTC). "GameStop will allocate funds for investments that align with the company's investment policy," said the company's official statement on Wednesday (11/06) local time. Furthermore, this bond does not provide periodic interest and matures in 2032, unless converted, redeemed, or repurchased earlier. GameStop has the right to pay in the form of cash, common stock, or a combination of both when conversion occurs. In addition, the company gives early buyers the option to increase their purchase of bonds by up to US$250 million within 13 days after the issuance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
GameStop Raises Rp28 Trillion to Increase Bitcoin Holdings
GameStop (GME) announced plans to issue debt securities of US$1.75 billion or around Rp28 trillion. The company said that the funds will be used for general corporate purposes, including investments in accordance with their official policies. One form of investment is the purchase of digital assets such as Bitcoin (BTC).
"GameStop will allocate funds for investments that align with the company's investment policy," said the company's official statement on Wednesday (11/06) local time.
Furthermore, this bond does not provide periodic interest and matures in 2032, unless converted, redeemed, or repurchased earlier. GameStop has the right to pay in the form of cash, common stock, or a combination of both when conversion occurs.
In addition, the company gives early buyers the option to increase their purchase of bonds by up to US$250 million within 13 days after the issuance.