GME Tumbles After GameStop Announces Proposed $1,750,000,000 Convertible Bond Offering To Possibly Buy More BTC: Report
1. GameStop proposes $1.75 billion convertible notes offering. 2. Funds may be used for Bitcoin purchases or acquisitions. 3. Stock dropped 21% post-announcement, currently trading at $22.49. 4. GameStop invested in Bitcoin previously, holding 4,710 BTC valued at $505 million.