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Cointelegraph · Mar 26, 2025 8:56 PM EDT Crypto

GameStop jumps 12% after Bitcoin purchase plans

GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin (BTC). The company plans to finance the purchase through debt financing. After markets closed on March 26, GameStop announced a $1.3 billion convertible notes offering. The convertible senior notes — debt that can later be converted into equity — will be used for general corporate purposes, including acquiring Bitcoin…

GameStop jumps 12% after Bitcoin purchase plans
Image Cointelegraph

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How this story developed

8 reports over 2 days
  1. CNBC Finance GameStop to invest corporate cash in bitcoin, following in footsteps of MicroStrategy Neutral 0
  2. New York Post Business GameStop shares surge after firm pledges to buy bitcoin, close physical stores Strong bullish +66
  3. Cointelegraph You're reading this GameStop jumps 12% after Bitcoin purchase plans Strong bullish +81
  4. CNBC Finance Stocks making the biggest moves premarket: General Motors, GameStop, Nvidia, Jefferies and more Neutral 0
  5. CNBC Finance GameStop shares drop, reversing Wednesday's rally, on planned debt issue to buy bitcoin Neutral 0
  6. New York Post Business GameStop shares plummet 15% as pivot to bitcoin alarms investors Strong bearish −86
  7. Cointelegraph GameStop wipes out $3B in market cap as stockholders question Bitcoin plan Strong bullish +41
  8. Cointelegraph GameStop stocks hit restrictions on NYSE after short volume rockets 234% Neutral −5

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