Gamestop Bitcoin Purchase May Rise After $1.75B Debt Offering

GameStop has announced a bold move to raise $1.75 billion by offering convertible senior notes, due in 2032, with zero interest. This decision comes just one day after the company revealed a massive Bitcoin purchase. The funds are expected to support GameStop’s future investments including a likely increase in Bitcoin holdings.

Raising Money Without Paying Interest

On June 11, 2025, GameStop said it will offer $1.75 billion worth of convertible senior notes to qualified institutional buyers. These notes are different: they neither pay interest, nor increase in value over time. It will mature in June 2032. There’s also an alternative for investors to buy an extra $250 million in notes within the next 13 days.

The management said it plans to use the money for “general corporate purposes,” which includes following its investment policy and making possible acquisitions. But with the company’s recent Bitcoin purchase, many believe the main goal is to boost its digital asset holdings.

Bitcoin at the Center of Strategy

Just a day before, the company confirmed that they purchased 4,710 Bitcoin between 3 May and 10 June, 2025, at current prices. This huge purchase has turned heads in both gaming and crypto industries. It also shows that the management is considering digital currency seriously. Also they are willing to procure more BTC to its balance sheet.

While the organisation has not announced directly that the bond money will be used for the purchase of BTC, the timing and investment strategy signals it’s a strong possibility.

Weak Earnings and Falling Stock Price

The quarter 1 earnings of the company  in 2025 depicts a combination of good and bad events. While its earnings per share were better than what is anticipated, $0.09 vs. a forecast of $0.04, revenue fell short. The organisation earned $732.4 million in the Q1, less than the prediction by Wall Street of $754.2 million.

After the financial report and the bond announcement, the GameStop stock took a hit. GME decreased by 5% to $28.55 during normal trading and dropped another 11.24% in after-hours.

Source: Google Finance

Other Big Names

GameStop is not alone in using corporate funds to buy Bitcoin. Big names like Michael Saylor’s Strategy (formerly MicroStrategy), Trump Media, and Metaplanet have also raised large amounts of money, through bonds or stock to buy this digital asset. Strategy recently increased its offering from $250 million to $1 billion for BTC buys. Metaplanet is raising $5.4 billion for the same reason.

This trend suggests that the organisation may be joining a group of companies that see this digital currency as a long-term store of value.

Bitwise Launches GameStop ETF

Bitwise Asset Management recently launched the first ETF tied to the organisation’s Bitcoin strategy. Called the IGME ETF, it gives investors exposure to the stock along with its crypto-based growth plans. The fund also aims to earn income through options trading based on GME’s price swings.

Final Thoughts

The $1.75 billion bond offering by Gamestop depicts that the management is serious about redefining its future. Though the organisation is still struggling in the gaming industry, the crypto moves and new capital raise point to a new type of growth plan. It’s unclear if this move will work, but people are watching closely.