#GameStop Raises Additional $450 Million but Stock Stays Flat Despite $BTC Treasury Plans


GameStop has secured another $450 million through a convertible note offering, potentially for $BTC investments.


Someone who opted into the initial $2.25 billion note offering purchased an additional $450 million worth.


At current $BTC prices around $108,000, the full amount could nearly double GameStop's existing 4,710 $BTC treasury.


GME shares dropped 2.5% on Monday after the #SEC filing, trading sideways despite the massive raise.


Vincent Liu from Kronos Research says buying $BTC alone isn't enough without "clear execution and long-term vision."


Other companies like Metaplanet saw 22% stock gains after announcing $BTC acquisition plans.


GameStop previously shut down its crypto wallet and #NFT marketplace due to regulatory uncertainty.


The retailer gained meme stock fame in 2021 with an over 1,000% monthly surge during a short squeeze.


The funds are earmarked for general corporate purposes, investments, and potential #acquisitions, according to SEC disclosure.

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June 26, 2025 at 1:44 PM
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