PANews reported on April 2 that according to The Block, video game retailer GameStop announced on Tuesday that it raised $1.5 billion through a private placement of convertible bonds and planned to use the proceeds to purchase Bitcoin. The company's filing with the U.S. Securities and Exchange Commission (SEC) showed that it had completed the issuance of $1.5 billion of senior convertible bonds with a coupon rate of 0.00% and due in 2030, including the underwriters' full exercise of the $200 million over-allotment option. This move is exactly the same as Strategy's strategy of turning to Bitcoin acquisitions in August 2020.