Turns out, GameStop (GME ... shares cratered 22% yesterday after it said it would issue up to $1.3 billion in convertible debt to acquire the cryptocurrency. It’s a photocopy of the playbook ...

Shares of GameStop (GME) are under pressure on Thursday, reversing course after rallying on Wednesday, following the company’s announcement that it plans to raise debt to buy bitcoin.

The company announced plans to issue $1.3 billion of convertible ... GameStop shares fell in afterhours trading on the convertible debt offering news. GameStop posted this news to it's new ...

GameStop Corp. shares slumped as investors responded to the company’s plans to load up on debt in order to buy Bitcoin.Most ...

Under the latest sale, a round of convertible debt will require issuing ... "We suspect that GameStop's share price will drift lower prior to the issuance of the convert, particularly given ...

The raise would add to GameStop's $4.8 billion cash reserves. GameStop is the latest public company to issue convertible debt to purchase Bitcoin. The tactic was first popularized by Strategy ...