GameStop's Bitcoin investment plan has been named the "Moonshot Initiative."

Blockbeats

04-06

BlockBeats News, April 6th, according to Bitcoin Magazine, GameStop's Bitcoin investment plan has been named "Project Rocket."

Previously, on April 2nd, after GameStop (GME) completed a $1.3 billion five-year convertible bond issuance, it may have already started or is about to start buying Bitcoin (BTC). According to a filing after the U.S. stock market closed on Monday, the underwriters have fully exercised their $200 million over-allotment option, bringing the total amount raised in this issuance to $1.5 billion. After deducting expenses, the company's net proceeds amount to $1.48 billion.

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