The purchase of Bitcoin (BTC) from video game retailer GameStop (GME) could be imminent or already begun after the company closed down with the $1.3 billion five-year convertible bill offering.
The $200 million Greenshoe option was fully exercised by the first buyer, bringing the total sale to $1.5 billion. Net revenue was $1.488 billion, according to an application Monday after the US deal ended.
In addition to last week’s fourth quarter revenue report, GameStop is led by CEO Ryan Cohen – has announced full board approval for an update to the company’s investment policy to add Bitcoin to GME’s balance sheet.
GME shares rose 1.35% during regular sessions on Monday, and another 0.8% in off-hours actions. Bitcoin has remained modestly high at $84,900 over the past 24 hours.
