GameStop Corp. announced plans to raise $1.3 billion through a private offering of convertible senior notes, with proceeds intended for general corporate purposes, including the acquisition of Bitcoin. This follows the company’s recent decision to update its investment policy to add Bitcoin as a treasury reserve asset.
GameStop’s Bitcoin move left many scratching their heads. But behind the confusion is a clear, calculated strategy that more CFOs should be watching closely.
For years, Congressman Ro Khanna (D-CA) has been one of the few Democratic politicians in the U.S. government who's been a vocal proponent of Bitcoin, but now he says that more Democratic elected officials as well as prominent voices in the party are coming to support his stance.
GameStop has updated its investment policy to include Bitcoin as a treasury reserve asset, but has yet to disclose the amount of Bitcoin it plans to acquire.
2017 bull cycle insights suggest Bitcoin price might surge again in 2025 post-correction, aligning with past trends that drove BTC to unprecedented highs.
President Donald Trump will make history as the first sitting U.S. president to speak at a Bitcoin and crypto conference, delivering remarks at Blockworks’ Digital Asset Summit (DAS) in New York City tomorrow.