GameStop has expanded its latest offering of its Convertible Senior Notes from $1.75 billion to $2.25 billion, the video game retailer said: press release It was released late Thursday.
stock It was dropped After Texas-based Grapevine, he said earlier this week that he would offer investors a similar, more convertible bond. A rise of $1.5 billion April.
GameStop shares held the ground on Friday, but they fell 24% throughout the week to close at $22.14. Yahoo Finance. For GameStop, the stock changed its hands to around $28.36 I said He had the ability to start purchasing Bitcoin in late March.
The latest batch of its latest convertible bonds could change its conversion price of around $28.91 per share, with no interest in its interest, “part of the event,” GameStop said in a press release Thursday. It represents a premium of 32.5% compared to the company's average stock price on Thursday afternoon Eastern time, he added.
A company like strategy, MicroStrategywe were able to increase the amount of Bitcoin per share. In other words, the purpose is to maximize shareholder value.
At GameStop, it is not very clear whether the company will buy another bitcoin. GameStop I bought it Last month, it was 4,710 bitcoin, but a Recent interviewsCEO Ryan Cohen said the company will not telegraph future purchases and does not follow other companies buying major cryptocurrencies at market value.
In a press release, GameStop reiterated that revenue from its offerings will be used for “general corporate purposes, such as investing in ways that match GameStop's investment policy and potential acquisitions.”
The brick and mortar retailer tried to expand beyond video games and console sales by launching the NFT Marketplace years ago. Shut up early last year. At the company's annual shareholders meeting, Cohen recently said GameStop would accept trading cards, which account for 29% of its quarter sales. luck.
“We focus on trading cards as a natural extension of our existing business,” he said. “Whether it's sports, Pokemon or collectibles, the trading card market is consistent with our heritage.”
Edited by James Rubin
