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GameStop has completed the issuance of US$1.3 billion in convertible notes and is about to purchase Bitcoin."

Internet reports that U.S. video game retailer GameStop (ticker: GME) may be about to or have begun to deploy Bitcoin assets. The company's regulatory filings filed after the U.S. stock market close on Monday showed that full subscription of the US$1.3 billion five-year convertible notes it issued had been completed, with a total raised amount of US$1.5 billion, including over-allotment options, and net income after deducting fees.$1.48 billion. Previously, when announcing its fourth-quarter earnings report, GameStop's board of directors led by CEO Ryan Cohen had passed a resolution to update the company's investment policy and include Bitcoin in its balance sheet allocation.

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