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Stock impact report

GameStop (GME) Prices Bitcoin Notes at $29.85 [Yahoo! Finance]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The zero-coupon notes, due in 2030, will initially convert at a rate of 33.4970 shares per $1,000, representing an initial conversion price of approximately $29.85 per share. GameStop (GME) closed at $22.09 at the end of the Thursday trading day in New York, putting the bitcoin notes at an approximately 35% premium over its most recent closing price. Since announcing its BTC bond strategy, GME's stock is down – over 22% during Thursday's trading day – as investors approach this with skepticism despite CEO Ryan Cohen positioning this strategic shift toward bitcoin as a means to leverage the company's sizeable cash reserves Should the sale be successful and hit its targets, GME would be the fourth largest corporate holder of BTC , behind miner b Read more
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