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GameStop Ventures into Bitcoin, Shares Plunge 11%

6/13/2025

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Summary

Story summary

GameStop Corp. plans to offer $1.75 billion in convertible senior notes to finance potential Bitcoin acquisitions, with an additional $250 million option.
The company has already purchased 4,710 BTC, valued at around $500 million, under its new investment policy.
Following this announcement, GameStop's shares fell about 11%, indicating market skepticism.
The company seeks to diversify beyond retail gaming by exploring digital assets and trading cards due to declining physical sales.

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Story summary

GameStop Corp. plans to offer $1.75 billion in convertible senior notes to finance potential Bitcoin acquisitions, with an additional $250 million option.
The company has already purchased 4,710 BTC, valued at around $500 million, under its new investment policy.
Following this announcement, GameStop's shares fell about 11%, indicating market skepticism.
The company seeks to diversify beyond retail gaming by exploring digital assets and trading cards due to declining physical sales.