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News Explorer — GameStop Stock Dives Following $1.75 Billion Raise Plan That Could Boost Bitcoin

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Jun 12, 4:48 pm

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GameStop Stock Dives Following $1.75 Billion Raise Plan That Could Boost Bitcoin

GameStop's stock price dropped 22% early Thursday after announcing a $1.75 billion convertible senior notes offering. The company aims to use the proceeds for general corporate purposes, including investments and acquisitions, without specifying Bitcoin. GameStop's communication regarding Bitcoin activities lacks transparency compared to other firms.

GameStop's stock price dropped 22% early Thursday after announcing a $1.75 billion convertible senior notes offering. The company aims to use the proceeds for general corporate purposes, including investments and acquisitions, without specifying Bitcoin. GameStop's communication regarding Bitcoin activities lacks transparency compared to other firms.

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