TechFlow news, April 6 — According to Bitcoin Magazine, GameStop's Bitcoin investment initiative has been named "Project Rocket."
Earlier reports indicated that after completing the issuance of $1.3 billion in five-year convertible bonds, GameStop (GME) may have already begun or is about to begin purchasing Bitcoin. As disclosed in filings released after Monday’s US market close, underwriters have fully exercised their $200 million over-allotment option, bringing the total size of the offering to $1.5 billion. After deducting fees, the company raised net proceeds of $1.48 billion.
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