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Morning Edition · Wednesday, August 5, 2026Published at 1:44 AM EDT · New York
GameStop Swaps $1.4 Billion of Convertible Debt for Stock With Bitcoin Option Terms Undisclosed
The exchange retires the notes without spending cash, while SpaceX reported a $540 million decline on its bitcoin holdings in its first quarter as a public company.
GameStop agreed to exchange roughly $1.4 billion of convertible senior notes for Class A common stock, covering about $400 million of notes due 2030 and $1.0 billion due 2032. The company retires the debt without spending cash, and the tran…
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