GameStop has increased its planned private convertible note offering to $2.25 billion, indicating a stronger commitment to building its corporate Bitcoin treasury. The additional funds are set to close on June 17, with expectations to raise approximately $2.23 billion, or up to $2.68 billion if the full purchase option is exercised. This upsizing marks nearly a $500 million increase from the initial offering announced just one day prior. Despite the potential gains from Bitcoin, GameStop's shares dropped over 22% on June 12 after the announcement, suggesting shareholder dissatisfaction with the raise amidst a backdrop of mixed earnings results for the first quarter of 2025. The company reported revenues of $732.4 million, below analyst expectations and down significantly from the previous year. GameStop is currently the 11th largest corporate Bitcoin holder, reflecting a notable trend among companies integrating digital assets into their strategies.

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