“GameStop stock plummets as company announces $1.75 billion debt offering amid bitcoin push”
June 13, 2025
“GameStop (GME) stock plummeted more than 23% Thursday after the video game seller announced that it intends to sell $1.75 billion worth of convertible bonds.
In other words, GameStop is raising cash from investors by issuing debt in the form of convertible senior notes. Investors will convert the notes into GameStop equity before or when they mature in 2032, diluting shares and potentially weighing on the stock’s value…”
In my opinion this seems like a good time to buy the dip. Not financial advice by the way.