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Barchart
Wajeeh Khan

GameStop Is Plunging on a $1.75B Note Offering. How Should You Play GME Stock Here?

GameStop (GME) shares came crumbling down more than 22% on Thursday after the gaming merchandise retailer disclosed plans of a convertible notes offering to raise as much as $1.75 billion. 

While not explicitly mentioned in the press release, GME is broadly expected to use the proceeds from this offering to buy more Bitcoin (BTCUSD). 

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