The underwriters of GameStop's mid-June $2.25 billion convertible debt offering exercised their option to purchase an additional $450 million in notes on June 25, 2025. This exercise further increases the capital raised by the company.
This additional capital enhances GameStop's financial flexibility and its capacity for strategic investments. The company had previously indicated that proceeds from such offerings would be used for general corporate purposes, including Bitcoin acquisitions.
The full exercise of the greenshoe option demonstrates strong demand for GameStop's convertible notes. This provides the company with even greater 'Bitcoin buying power' and resources for potential acquisitions.
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