Game Station plans to raise $1.3 billion to purchase Bitcoin

Game Station (GME. N) announced on Wednesday that it plans to privately issue $1.3 billion convertible senior notes with a maturity date of 2030. In addition, the company stated that it will allow initial buyers to purchase notes with a total principal amount not exceeding $200 million. GameStop stated in a statement, "The company wishes to use the net proceeds of this issuance for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop's investment policy