GameStop to raise 200 billion yen to buy Bitcoin; stock price rises by about 12%

On March 27, GameStop, a major U.S. video game retailer, announced that it plans to issue convertible bonds worth $1.3 billion (approximately 200 billion yen). This fundraising is attracting attention as part of the company's Bitcoin investment strategy.

While explaining that the funds raised will be used for general corporate purposes, it was revealed that the funds will specifically be used to purchase the virtual currency Bitcoin. This policy is consistent with the investment strategy the company recently announced.

In the new investment policy announced on the 25th, the board of directors unanimously approved Bitcoin as a financial reserve. It will also allow investment in US dollar-denominated stable coins, and virtual currencies...