In a twist as unexpected as a ghost riding a troika, GameStop, the retailer of games and dreams, has decided to leap into the Bitcoin abyss with both feet! They’ve hatched a scheme to gather a treasure chest of $1.3 billion—fit for a czar!—all to bolster their BTC hoard. Just yesterday, they whispered sweet nothings about Bitcoin becoming part of their financial harem, marking a grand metamorphosis in their monetary musings.
This little escapade involves peddling 0.00% Convertible Senior Notes (a name as thrilling as a Russian novel) due in 2030, to be snatched up by institutional investors with deep pockets and a taste for the exotic. And oh, theInitial purchasers get a 13-day joyride to buy an extra $200 million in notes. What larks!
GameStop hints that the spoils will be used for the usual corporate shenanigans, with a side of Bitcoin shopping, of course. The board, in their infinite wisdom, has decreed this new policy, following the trend of companies treating Bitcoin like the new Tsar of the treasury.
This Bitcoin binge mirrors the antics of MicroStrategy, which has been on a Bitcoin bender, amassing a pile of BTC that would make a Siberian oligarch blush. GameStop has a long road to hoe to catch up to their 506,137 BTC treasure trove. But who’s counting? 🤑
Michael Saylor, the co-founder of MicroStrategy and apparent czar of crypto, has taken to the digital steppes to poll the masses on how much Bitcoin GameStop must buy to be taken seriously. Speculation runs wild like a vodka-fueled debate at a Moscow tavern, as we all wonder: who will be next to join the Bitcoin ballet? 🎩👯♀️
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2025-03-27 10:14