GameStop raises $450 million again, may be used to purchase BTC According to CoinDesk, game retailer GameStop disclosed in a filing with the US SEC on Tuesday that it has raised another $450 million through convertible bond over allotment options, bringing its total bond issuance in mid June to $2.7 billion. According to SEC documents, these zero coupon bonds due in 2032 can be converted into common stock at a premium of 32.5% over the weighted average price on June 12th. The funds will be used for company operations and asset allocation in accordance with investment policies, including continuing to increase holdings of Bitcoin as a reserve asset. Since launching its Bitcoin fiscal strategy in March, GameStop has spent approximately $500 million to purchase 4710 bitcoins in May.