GameStop is planning to privately issue $1.3 billion in convertible senior notes to fund the purchase of Bitcoin.

BlockBeats News, March 27th, GameStop announced that it plans to privately issue $1.3 billion of 0.00% Convertible Senior Notes due 2030 to eligible institutional investors. Depending on market conditions, the company may also allow the initial purchaser to buy up to an additional $200 million of notes within a 13-day period. GameStop stated that the proceeds from the offering will be used for general corporate purposes, including purchasing Bitcoin in accordance with the company's investment policy.