🎮💰 GameStop Bets Big on Bitcoin: Plans to Raise $1.3 Billion to Join the Crypto Game
In a stunning and risky financial move, GameStop Corp. — the company famous for turning retail investors into Wall Street rebels — has just announced plans to raise $1.3 billion to buy Bitcoin.
Yes, you read that right.
GameStop is going crypto. Big time.
🚀 How? By Selling Convertible Bonds
To make this happen, GameStop will sell something called convertible bonds — basically loans that investors give to the company, which can later be turned into GameStop shares if the stock price goes up.
The bonds will mature in 2030, with investors being offered a 35% to 40% bonus premium when they choose to swap their bonds for shares.
This is not a random decision.
GameStop is following the exact strategy used by billionaire and crypto advocate Michael Saylor, who made headlines by turning his company, MicroStrategy, into a Bitcoin powerhouse.
🪙 Why Bitcoin? Why Now?
According to GameStop’s board, the goal is simple:
Add Bitcoin to the company’s treasury reserve and bet on the future of digital money.
The company will use the money raised not only for “general corporate purposes” but specifically to buy Bitcoin at a large scale.
However, this move is a gamble.
Bitcoin prices have been shaky lately, down around 18% from their all-time high in January. Global economic uncertainties, trade tensions, and cautious investor behavior are making the market unpredictable.
But GameStop believes it’s worth the risk — hoping that Bitcoin’s long-term value will pay off in the years to come.
📉 How Did the Market React?
The announcement caused a stir in after-hours trading.
GameStop’s stock price fell 6.6% following the news, erasing earlier gains from the day. By 5:30 p.m. New York time, shares were trading at $26.44.
The drop shows that not everyone is excited about GameStop’s bold shift toward crypto. Some investors are nervous, wondering if this strategy could backfire, especially when the crypto market is still struggling to recover.
A spokesperson for GameStop declined to comment further on the company’s Bitcoin plans.
⚡ Following the Michael Saylor Playbook
GameStop isn’t the first to try this high-stakes strategy.
Michael Saylor’s MicroStrategy raised billions through similar bond sales and used the funds to buy Bitcoin. The move turned MicroStrategy into one of the biggest corporate Bitcoin holders — and its stock soared as crypto prices climbed.
However, Saylor’s bond offerings had much higher premiums — as much as 55%. GameStop is offering a lower premium, suggesting that the market is now more careful and wants better deals.
🔥 What’s Next?
GameStop’s decision to jump into Bitcoin at this time is nothing short of daring.
The question now is:
Will this bet make GameStop the next corporate crypto giant, or will it put the company at financial risk?
The world will be watching.
This move could change GameStop’s future — and possibly shake up how public companies look at Bitcoin.
One thing is clear: GameStop isn’t just a video game retailer anymore.
They’re playing a much bigger, riskier game — and betting $1.3 billion on it.
🗞️ Stay Informed
