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.
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.
The Bitcoin network teaches us that there's safety in numbers. Now, what could bring people together in numbers to mass-adopt it further than they have?
“The tour we’ve taken through the last century proves that market irrationality of an extreme kind periodically erupts — and compellingly suggests that investors...
