Keynote
GameStop has raised $1.5 billion to add digital gold to its balance sheet. Notes don’t take the usual interest and get no value over time. Gamestop notes matured on April 1, 2030 are mature unless previously converted or redeemed.
GameStop completed $1.5 billion in funding on April 1 through a private offering exempt from SEC registration, according to a filing with the US Securities and Exchange Commission (SEC).
Revenues were invested in 0.00% convertible senior notes scheduled for April 1, 2030. Notes were provided for $1,000 each. This means that the investment does not carry interest rates and the value remains the same with each SEC filing.
Gamestop Corp (NYSE:GME) stocks rose 0.57% to $22.74, according to MarketWatch data. On March 27, the company’s stock price plummeted from $28.36 to $22.09 as it announced plans to create a Bitcoin reserve.
Despite the stock crash, GameStop set an initial conversion rate of 33.4970 shares per $1,000 at $29.85 per share. The filing says that fees can rise in special cases like corporate events.
Retailers will not be able to redeem their notes by April 6, 2028. GameStop can then redeem the notes if the stock is trading at 130% of the conversion price for 20 days of 30 days.
Investors can ask GameStop to buy back the notes after April 2028 or “a fundamental change.”
According to submissions, the memo is unsecured and subject to default risk. Default events include missed payments, failed conversions, changes to the structure of a major company, or bankruptcy.
Upon conversion, GameStop may need to issue up to 69 million shares.
Join the whale
GameStop allows you to enter a list of top bitcoins
BTC
$83 257
24-hour volatility:
2.0%
Market Cap:
$1.65 t
Vol. 24H:
$52.05 b
Whales like the US government, strategies (previously micro-strategic), tethers, companies behind the biggest Stablecoin USDT.
Video game retailers could accumulate over 17,700 Bitcoin at their current price range. Bitcoin is currently trading at $84,400.
According to data from Saylor Tracker, Michael Saylor’s strategy leads the list at 528,185 BTC, worth $44.5 billion. The company’s latest purchase of 22,048 BTC took place on March 31st.
Tether reported an accumulation of 8,888 BTC worth approximately $735 million in the first quarter of 2025. This brings the USDT issuer’s Bitcoin reserve to 92,647 BTC, equivalent to $7.64 billion.
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WAHID has analyzed and reported the latest trends in the distributed ecosystem since 2019. He has over 4,000 articles in his name. His work has been featured in major outlets such as Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Apart from reporting, Wahid prefers to connect the dots between Defi and Macro with his on-chain monk in the newsletter.
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