GameStop has intensified its strategic pivot into Bitcoin, raising an additional $450 million through a convertible debt offering to grow its digital asset holdings. With this move, the company’s Bitcoin treasury has surged to $513 million, underscoring its growing confidence in BTC as a long-term store of value.
GameStop Exercises Greenshoe Option in Convertible Offering
According to U.S. Securities and Exchange Commission (SEC) filings, GameStop completed the $450 million raise by exercising a greenshoe option tied to its mid-June offering of zero-coupon convertible senior notes. This option allowed underwriters to purchase additional notes within 13 days, boosting the total value of the offering from $2.25 billion to $2.7 billion.
The notes, maturing in 2032, can convert into GameStop Class A common stock at a pre-set price, giving investors potential upside while allowing GameStop to raise capital without immediate dilution.
GameStop (GME) SEC documents disclosed that it has raised another $450 million through an additional offering of zero-interest convertible senior notes, bringing the total financing amount to $2.7 billion. The funds will be used to allocate Bitcoin as a company reserve asset.…
— Wu Blockchain (@WuBlockchain) June 25, 2025
Funds Target General Use and Bitcoin Accumulation
GameStop stated that proceeds from the expanded offering would support general corporate purposes, with a portion earmarked for additional Bitcoin purchases. This aligns with the company’s recent strategic realignment toward incorporating Bitcoin into its treasury.
Its first BTC acquisition occurred in May 2025, marking a dramatic shift from the company’s meme-stock origins to a more diversified, crypto-inclusive financial model. The current reserve now totals $513 million, making GameStop one of the more prominent Bitcoin-holding public companies in the U.S.
Bitcoin Becomes a Cornerstone of GameStop’s Financial Strategy
By doubling down on Bitcoin, GameStop joins a growing list of firms treating BTC as a core balance sheet asset. The move mirrors similar strategies by companies like MicroStrategy and Tesla, both of which made headlines for allocating substantial funds into Bitcoin to hedge against inflation and fiat currency depreciation.
GameStop’s timing may prove prescient as institutional interest in Bitcoin remains strong amid broader macroeconomic uncertainty and continued interest in crypto-based financial infrastructure.
Also Read: GameStop Buys 4,710 Bitcoins in Major Treasury Move Worth Over $500M
GameStop’s $450 million fundraising round and its growing Bitcoin reserves represent more than just a headline—they signal a deliberate pivot into a digital-asset-driven future. The company’s strategic bet on Bitcoin could redefine its long-term value proposition to investors.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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