🚨 GameStop’s Bitcoin Shopping Spree 🚨

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Oh joy, because what every video game retailer needs is a side hustle in cryptocurrency… 🤣 GameStop just completed a private offering of $1.5 billion in Convertible Senior Notes due 2030, because who doesn’t love debt with a hint of mystery? 🤔 The cherry on top? They might just use some of that $1.48 billion to buy Bitcoin, because, why not? 🤷‍♀️

According to the SEC filing (yawn), GameStop’s all like, “Hey, we might use this cash for ‘general corporate purposes’… or you know, Bitcoin.” 🤑 Specifically mentioning Bitcoin in the “Proceeds” section is basically them winking at us, saying, “Psst, we’re gonna buy some BTC, maybe.” 😉

🚨 JUST IN: GAMESTOP COMPLETES ITS $1.5B STOCK OFFERING 🚨

GAMESTOP NOW HAS $1.5B TO BUY $BTC… or a really expensive gaming PC 🤣

— Arkham (@arkham) April 1, 2025 (no joke, apparently)

Another Corporate Big Shot Joins the BTC Party 🎉

So, about that “loan”… think of it like borrowing money from your rich uncle, but with more paperwork and less judgment (hopefully). The “Senior” part means they get paid first if GameStop goes belly up, and “Convertible” is just a fancy word for “we might give you stocks instead of cash, deal with it.” 📊

GameStop’s board is all about that BTC life now, having updated their investment policy to include Bitcoin. They’re joining the cool kids’ club with Strategy, Tesla, and Metaplanet. 🤝

GME stock is up almost 7% this week, because investors are all, “Ooh, Bitcoin!” 🚀 (Down 28% since January, but who’s counting?)

BTC Prices: *shrugs* 🤷‍♂️

Despite all the excitement, BTC prices are just over here like, “Meh, I’m good.” 💁‍♀️ A tiny bump, but mostly just chillin’ around $84,300. Total crypto market cap? *yawns* Down 17.5% since January, but hey, it’s still a whopping $2.8 trillion. 🤑

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2025-04-02 09:36