Tag: GameStop

GameStop has clarified what happened to the Bitcoin it transferred earlier this year. The company did not sell its 4,709 BTC position. Instead, it pledged the Bitcoin to Coinbase as collateral for an over-the-counter covered-call strategy designed to generate option premium income. According to an annual 10-K report filed with ...

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 ...

GameStop Corp (GME) saw its shares decline over 3.5% in after-hours trading on Tuesday following the release of its first-quarter earnings report for the period ending May 3, 2025. The video game retailer reported mixed results, with revenue falling short of analyst expectations amid ongoing challenges in its core physical ...

GameStop has successfully raised $1.48 billion through a convertible senior notes offering, surpassing its initial $1.3 billion target. The video game retailer finalized the sale on April 1, 2025, as outlined in its filing with the U.S. Securities and Exchange Commission (SEC). The company plans to allocate a portion of ...

In a significant leadership change, GameStop has fired its CEO, Matthew Furlong, and appointed billionaire investor Ryan Cohen as executive chairman. The company confirmed Furlong's termination in a statement on June 7, 2023, without providing an explanation for the decision. Furlong also resigned from his position as a company director ...