GameStop has announced plans to acquire Bitcoin as it explores opportunities in the cryptocurrency market. In a press release, the company revealed its intention to issue $1.3 billion in senior convertible notes with a 0% interest rate through a private offering to investors.

Update 3/27/2025 3:31 p.m. ET: Surprise! GameStop announced it’s going to use $1.3 billion in new debt to finance its excursion into Bitcoin. The money will come from issuing new meme stock that won’t be worth anything until 2030. The stock peaked at nearly $30 on Wednesday before cratering 20 percent after the news of the debt-financing.

Struggling video game retailer GameStop announced plans to add bitcoin as a Treasury reserve asset after the bell on Tuesday.

Small traders have piled in to defence companies targeted by short sellers, in an echo of 2021’s GameStop trade

GameStop just went from gaming consoles to crypto coins. But can Bitcoin buzz really save a brick-and-mortar brand. Or is this just another meme-fueled moment before reality sets in? Looking for more actionable trade ideas to navigate the current market volatility?

GameStop shares trade at a level "that ignores the ... GameStop, like AMC Entertainment Holdings Inc. (AMC), was lifted by the meme-stock frenzy in 2021. The return of influential trader Keith ...

GameStop is making a strategic shift into Bitcoin [BTC], announcing a $1.3 billion senior convertible note offering to partially fund its BTC acquisition. Just a day after adopting Bitcoin as part of its financial strategy, the company also confirmed its intent to raise additional capital through convertible debt.

The news comes after GameStop shares rose more nearly 12% when the video game operator turned popular meme stock said in ... their $4.6 billion in cash and trade at two times [their bitcoin ...