GameStop Follows MSTR's Footsteps: Why Will Investors Buy Convertible Notes With No Interest? - GameStop (NYSE:GME)
1. GameStop announced a $1.3 billion convertible bond offering for Bitcoin acquisition. 2. Bonds will not carry interest and are unsecured obligations of GameStop. 3. Institutional investors may seek Bitcoin exposure through these convertible bonds. 4. The stock has risen 11.65% recently but is down year-to-date. 5. Concerns exist about refinancing risk affecting financial stability if Bitcoin value falls.