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GameStop Seeks to Raise $1.3B to Buy Bitcoin—Could It Spark a BTC Rally?

TheNewsCrypto LogoTheNewsCrypto6d ago

GameStop Seeks to Raise $1.3B to Buy Bitcoin—Could It Spark a BTC Rally? - TheNewsCrypto

Quick Summary:

Just a day after revealing plans to add Bitcoin (BTC) to its balance sheet, GameStop (GME) is taking things a step further.

The company, led by CEO Ryan Cohen, is raising $1.3 billion by issuing convertible senior notes, aiming to use the funds for Bitcoin purchases.

If GameStop follows through on significant BTC acquisitions, it could add buying pressure to the market, potentially sparking a new rally.

More Pictures

GameStop Seeks to Raise $1.3B to Buy Bitcoin—Could It Spark a BTC Rally? - TheNewsCrypto (Picture 1)GameStop Seeks to Raise $1.3B to Buy Bitcoin—Could It Spark a BTC Rally? - TheNewsCrypto (Picture 2)

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Article Details

Author / Journalist: Sarala

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 05:28:16 (6 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 27366470

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About TheNewsCrypto

TheNewsCrypto Logo

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 32 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

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The story "GameStop Seeks to Raise $1.3B to Buy Bitcoin—Could It Spark a BTC Rally?" has 333 words across 29 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "GameStop Seeks to Raise $1.3B to Buy Bitcoin—Could It Spark a BTC Rally?" was covered 6 days ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

How trustworthy is 'TheNewsCrypto' news outlet?

TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in United Arab Emirates and publishes an average of 32 news stories per day.

It's most recent story was published 12 hours ago.

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  • News ID: #27366470
  • URL: https://beamstart.com/news/gamestop-seeks-to-raise-13b-17430661599149

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