• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, July 9, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Explore Bitcoin

GameStop Prices $2.25 Billion Convertible Note Offering Amid Strategic Expansion Plans

13 June 2025
in Bitcoin, News
Reading Time: 3 mins read
106 2
source: decrypt.co

source: decrypt.co

GameStop Corp has increased its planned convertible note offering to $2.25 billion, up from an initial $1.75 billion announced earlier this week.

The offering, targeting qualified institutional buyers under Rule 144A of the Securities Act, is expected to close on June 17, subject to customary conditions.

The zero-coupon senior notes will mature on June 15, 2032, unless converted, redeemed, or repurchased earlier. GameStop has also granted investors a 13-day option to purchase up to an additional $450 million in notes, potentially raising the total to $2.7 billion.

The company expects net proceeds of approximately $2.23 billion—or $2.68 billion if the over-allotment is exercised in full—after deducting fees and expenses. Funds will be used for general corporate purposes, including investments and potential acquisitions, in line with GameStop’s internal investment policy.

The notes will be convertible into cash, GameStop Class A common stock, or a combination of both at the company’s discretion. The initial conversion rate is set at 34.5872 shares per $1,000 principal amount, equating to a conversion price of about $28.91—representing a 32.5% premium over the stock’s volume-weighted average price on June 12.

Noteholders will be able to convert their holdings under specific conditions before March 15, 2032, and freely afterwards until maturity. Redemption rights kick in starting June 20, 2029, if GameStop’s stock trades at or above 130% of the conversion price for 20 out of 30 consecutive trading days.

While GameStop has not announced any new Bitcoin purchases, the offering follows an April fundraising round where it raised $1.5 billion and used part of the funds to buy 4,710 BTC, then worth approximately $512 million. 

GameStop has purchased 4,710 Bitcoin. pic.twitter.com/gGdr0BRrAv

— GameStop (@gamestop) May 28, 2025

That purchase made GameStop the 13th-largest corporate Bitcoin holder, according to BitcoinTreasuries.net. GameStop shares closed sharply lower on Thursday, falling over 22% to $22.14 following the company’s announcement of its upsized $2.25 billion convertible note offering. However, the stock regained some ground in after-hours trading, rising 1.13% to $22.39, according to Google Finance. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: GameStop
Share63Tweet39Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

source: x.com
Ethereum

GameSquare Unveils $100M Ethereum Treasury Strategy, GAME Stock Surges 58%

9 July 2025
source: justice.gov
Crime

US Prosecutors Charge Two in $650 Million OmegaPro Crypto Fraud, Exposing Global MLM Scam

9 July 2025
source: financialit.net
Crypto

21Shares Urges FCA to Broaden Crypto ETN Access for UK Retail Investors

9 July 2025
source: linkedin.com
Crypto

Judge Likely to Block Mention of Tornado Cash Sanctions in Roman Storm Trial

9 July 2025

Featured Posts

Is Code Law? The Legal and Moral Implications of Smart Contracts

Is Code Law? The Legal and Moral Implications of Smart Contracts

byFaari Labinjo
24 June 2025
0

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

byFaari Labinjo
7 June 2025
0

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

byOlayinka Sodiq
3 June 2025
0

What Is a Bull Trap?

What Is a Bull Trap?

byOlajumoke Oyaleke
3 June 2025
0

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

byOlayinka Sodiq
3 June 2025
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

1 day ago

Is Ethereum Losing the Yield Battle?

1 day ago

Dubai Greenlights Region’s First Tokenized Money Market Fund, Pioneering Real-World Asset Digitization

1 day ago

BRICS Digital Currencies & Their Threat to USD-Denominated Stablecoins

4 days ago

The U.S. Crypto Regulatory Pivot: How the FIT21 Bill & ETF Greenlights Are Reshaping Global Policy

4 days ago

VC Funding in Web3: Where the Money Is Going Post-2024 Bear Cycle

4 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Threshold Network’s tBTC is Now live on Sui: Ushering in a new era for Bitcoin DeFi

bychainwire
9 July 2025
0

MultiBank Group Announces Early Access Waitlist for Pioneering $MBG Token

bychainwire
9 July 2025
0

Status Unveils First Gasless L2 on Linea With 100% Community Yield Allocation Mechanism

bychainwire
9 July 2025
0

NEXBRIDGE and NEXPLACE Raise $8M Series A to Launch Integrated Bitcoin Capital Markets Ecosystem

bychainwire
9 July 2025
0

Bybit Unveils Bold New Brand Identity with #IMakeIt Campaign — Ushering in a New Era for 70M+ Global Users

bychainwire
9 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00