GameStop Finishes $1.5 Billion Raise to Add Bitcoin to Balance Sheet

Video game retailer GameStop Corporation (GME) has finished a convertible debt offering that raised $1.5 billion, with proceeds earmarked for buying Bitcoin. GameStop labeled the indenture for its convertible bonds as “Project Rocket” in the file name submitted to the SEC.

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Show Notes / News Resources:
✔ https://x.com/CryptoNewsYes
✔ Bitcoin Technical Analysis: https://cointelegraph.com/news/bitcoin-sales-109-k-all-time-high-significantly-below-cycle-tops-research
✔ $2B lost to crypto hacks in Q1 2025, $1.63B from access control flaws: https://cointelegraph.com/news/q1-2025-crypto-hacks-2b-lost
✔ GoMining launches $100M Bitcoin mining fund for institutional investors: https://cointelegraph.com/news/go-mining-launches-100-m-bitcoin-mining-fund-for-institutional-investors
✔ UK trade bodies ask government to make crypto a ‘strategic priority’: https://cointelegraph.com/news/uk-trade-bodies-want-crypto-made-strategic-priority
✔ Bitcoin price can hit $250K in 2025 if Fed shifts to QE: https://cointelegraph.com/news/bitcoin-price-250k-fed-qe-arthur-hayes
✔ GameStop Finishes $1.5 Billion Raise to Add Bitcoin to Balance Sheet: https://cointelegraph.com/news/game-stop-finishes-debt-offering-raise-to-buy-bitcoin

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