GameStop has increased its offering of convertible senior notes to $2.25 billion from an initial $1.75 billion, following a prior $1.5 billion raise in April. The video game retailer saw its shares plunge 24% this week, closing at $22.14, despite stabilizing on Friday. The latest bonds, which will carry no interest, come with a conversion price of approximately $28.91 per share, representing a 32.5% premium against GameStop's average stock price. Recently, GameStop purchased 4,710 Bitcoin, although it's uncertain whether the company will pursue additional purchases in the future. GameStop plans to use the proceeds from the bond offering for general corporate purposes and investments aligned with its investment policy. Additionally, the company is shifting focus towards trading cards, a market that comprised 29% of its sales in the first quarter of the year.

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