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GameStop’s stock (GME) has plummeted 21% following its announcement of a $1.75 billion convertible bond offering, which may include further Bitcoin purchases. The move aligns with the company’s recent $505 million BTC treasury investment but has sparked market uncertainty.
- GameStop proposes $1.75B convertible bond offering, possibly for Bitcoin purchases.
- GME stock crashes 21% post-announcement, trading at $22.49.
- Company recently acquired 4,710 BTC ($505M), signaling crypto treasury ambitions.
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