According to latest documents filed by GameStop at the SEC website, the company has raised whopping $450 million via additional offering of zero-interest convertible senior notes. These funds will be used to buy Bitcoin as company’s reserve asset. This brings the total financing amount to $2.7 billion.
GameStop moving bitcoin to reserves is a high-beta play echoing MicroStrategy, but so far, social buzz hasn’t saved the stock from sliding—short-lived pre-market pops gave way to sell pressure as Wall Street questioned both fundamentals and leverage.
Retail sentiment spiked with meme trader energy, but institutional flows remain cautious, highlighting the disconnect between crypto narrative and legacy business risk.
This move could inspire copycats if Bitcoin outperforms, but GME’s volatility and core retail headwinds are a warning that treasury innovation doesn’t erase company weaknesses.
GameStop’s recent $2.7 billion funding through zero-interest convertible senior notes is a strategic play in managing their Bitcoin reserve assets amid market volatility.