# 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.

- Published: 2026-08-05T05:44:56.721Z
- Canonical: https://polylog.news/crypto/2026-08-05/gamestop-swaps-1-4-billion-of-convertible-debt-for-stock-wit
- 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-url)

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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