BlockBeats News, April 4th, according to Coindesk report, GameStop Chairman and CEO Ryan Cohen purchased 500,000 shares of GME stock for $10.78 million. This acquisition increased Cohen's total holdings to 37,347,842 shares, representing approximately 8.4% of GameStop's outstanding shares.
BlockBeats previously reported that on April 2nd, GameStop (GME) completed a $1.3 billion five-year convertible bond offering, which may signal an upcoming or ongoing Bitcoin (BTC) purchase. According to a post-market filing on Monday, the underwriters fully exercised their $200 million over-allotment option, bringing the total offering size to $1.5 billion. After expenses, the company's net raise amount was $1.48 billion.
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