With Convertible Note Sale Finalized, GameStop Gains $1.5B to Buy Bitcoin.

GameStop Secures $1.5B in Funding, Paving the Way for Potential Bitcoin Purchases

GameStop (GME) now has significant firepower to initiate its planned Bitcoin (BTC) investments, following the successful completion of a $1.5 billion convertible note sale. The offering included the full exercise of a $200 million greenshoe option, with net proceeds totaling approximately $1.48 billion, according to a regulatory filing late Monday.

The move comes shortly after the company disclosed that its board had greenlit an updated investment policy allowing Bitcoin to be added to the retailer’s balance sheet — a bold step into digital asset territory spearheaded by CEO Ryan Cohen.

The announcement has sparked fresh speculation that GameStop could enter the crypto market as early as this week. Shares of GME closed Monday 1.35% higher and gained another 0.8% in post-market trading. Bitcoin, meanwhile, hovered near $84,900, showing slight gains over the past 24 hours.