According to BlockBeats, GameStop's stock experienced significant fluctuations, closing over 22% lower in the morning session but rising 4.12% in after-hours trading, with a market valuation of $9.876 billion.
GameStop recently announced plans to privately issue $1.3 billion in 0.00% convertible senior notes due in 2030 to qualified institutional investors. The company may also authorize initial purchasers to buy up to an additional $200 million in notes within 13 days, depending on market conditions. GameStop intends to use the proceeds for general corporate purposes, including purchasing Bitcoin in line with its investment policy.