PANews reported on March 27 that according to Bloomberg, GameStop announced on Wednesday that it plans to privately place $1.3 billion in convertible senior notes due in 2030. In addition, the company said it would allow initial purchasers to purchase notes with a total principal amount of no more than $200 million. GameStop said in a statement: "The company hopes to use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop's investment policy."

Earlier this week, GameStop announced that it would include Bitcoin in its company reserve assets .