GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering.

Proceeds will be used at least in part for "making investments in a manner consistent with GameStop’s Investment Policy," per a company press release. Said investment policy is to add bitcoin as a treasury reserve asset, according to a March release from the company.

Today's offering, only open to qualified institutional buyers, includes an option for purchasers to buy an additional $250 million in notes within two weeks of the initial issuance,. The notes carry no regular interest and will mature in June 2032 unless they are converted or repurchased earlier.

Following the March announcement of the bitcoin treasury strategy, GameStop raised $1.3 billion through another convertible note offering. The company subsequently purchased 4,710 bitcoin for roughly $500 million during May.

GME shares were lower by 10% in after hours trading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。