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GameStop Invests in Bitcoin with $1.3B Bond Sale - Colitco

Retrieved on: 2025-04-05 21:29:12

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Summary

GameStop's decision to sell $1.3 billion in convertible bonds to acquire Bitcoin mirrors MicroStrategy's strategy, highlighting cryptocurrencies' growing impact on financial markets. The move caused significant stock fluctuations, emphasizing the volatility and arbitrage opportunities linked with convertible securities.

Article found on: colitco.com

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