GameStop's Bitcoin investment plan has been named the "Moonshot Initiative."

BlockBeats News, April 6th, according to Bitcoin Magazine, GameStop's Bitcoin investment plan has been named "Project Rocket."

Previously, on April 2nd, after GameStop (GME) completed a $1.3 billion five-year convertible bond issuance, it may have already started or is about to start buying Bitcoin (BTC). According to a filing after the U.S. stock market closed on Monday, the underwriters have fully exercised their $200 million over-allotment option, bringing the total amount raised in this issuance to $1.5 billion. After deducting expenses, the company's net proceeds amount to $1.48 billion.