# GameStop Swaps $1.4 Billion of Convertible Debt for Stock as Bitcoin Collateral Terms Stay Hidden

SpaceX reported a $540 million decline on its bitcoin holdings in its first results as a public company, and a smaller treasury firm sold coins to raise cash.

- Published: 2026-08-05T05:31:30.193Z
- Canonical: https://polylog.news/crypto/2026-08-05/gamestop-swaps-1-4-billion-of-convertible-debt-for-stock-as
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/gamestop-plans-1-4-billion-stock-swap-as-bitcoin-collateral-risk-emerges/), [CoinDesk](https://www.coindesk.com/business/2026/08/04/spacex-tops-wall-street-revenue-forecast-posts-usd540-million-decline-on-bitcoin-holding-value), [Bitcoin Magazine](https://bitcoinmagazine.com/news/hyperscale-sells-some-bitcoin</source)

GameStop agreed to exchange about $1.4 billion of convertible senior notes for Class A shares, retiring roughly $400 million of 2030 notes and $1.0 billion of 2032 notes without spending cash. The share count is set from a volume-weighted a…

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