Crypto

GameStop, which is preparing to buy Bitcoin, has raised 220 billion yen

2025/04/02CoinPost
Written by L.kikutani
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GameStop, which is preparing to buy Bitcoin, has raised 220 billion yen
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  1. Funding completed

Funding completed

On April 2, GameStop, a major U.S. video game retailer, announced that it had completed raising $1.5 billion (224.4 billion yen) through interest-free convertible bonds due in 2030, and that it plans to use the funds to purchase Bitcoin (BTC). In a filing with the U.S. Securities and Exchange Commission (SEC), the company revealed that an additional $200 million was raised from the initially planned $1.3 billion through the exercise of underwriters' options.

The company's strategic shift, announced last week on March 27, initially pushed up its stock price by 11%, but it then plummeted to a year-to-date low of $21.3. Investors are speculating that GameStop, known as a meme stock, will use its Bitcoin purchase plan as a financial reserve asset...

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Iolite Vol.13

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Iolite Vol.13

May 2025 issueReleased on 2025/03/28
Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.