GameStop closed this morning with a more than 22% drop, and rose 4.12% in after-hours trading.

Blockbeats

03-28

BlockBeats News, March 28, this morning, the US stock GameStop closed down more than 22%, and is currently up 4.12% in after-hours trading, with a market value temporarily reported at $98.76 billion.

Yesterday, GameStop announced plans to privately issue $1.3 billion in 0.00% convertible senior notes (due 2030) to eligible institutional investors. Depending on market conditions, the company may also authorize the initial purchaser to purchase up to an additional $200 million in notes within 13 days. GameStop stated that the proceeds from the offering will be used for general corporate purposes, including purchasing Bitcoin in accordance with the company's investment policy.

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Depending on market conditions, the company may also authorize the initial purchaser to purchase up to an additional $200 million in notes within 13 days. 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