GameStop將投資比特幣，出售13億美元的可轉換債券以購買加密貨幣

視頻遊戲零售商加入了越來越多的公司投資比特幣的公司。越來越多的公司正在復制策略的劇本，包括加密貨幣領域之外的玩家。

GameStop will start investing in bitcoin and plans to sell $1.3 billion of convertible bonds to buy the cryptocurrency, the video game retailer said on Tuesday.

視頻遊戲零售商周二表示，GameStop將開始投資比特幣，併計劃出售13億美元的可轉換債券以購買加密貨幣。

GameStop's stock rose on the bitcoin news but fell on the bond deal.

GameStop的股票在比特幣新聞上上升，但憑藉債券交易而陷入困境。

Investors are piling into GameStop as the struggling retailer now plans to include bitcoin in its financial investments.

陷入困境的零售商現在計劃將比特幣納入其金融投資，投資者正在加入GameStop。

The company said its board of directors has approved making opportunistic investments in cryptocurrency and other digital assets. As part of these plans, GameStop intends to issue and sell $1.3 billion of convertible bonds to fund the purchase of bitcoin.

該公司表示，其董事會已批准對加密貨幣和其他數字資產進行機會主義投資。作為這些計劃的一部分，GameStop打算發行並出售13億美元的可轉換債券，以資助購買比特幣。

Convertible bonds allow holders to convert the bonds into a fixed number of shares if the stock rises to a certain price.

如果股票上漲，可轉換債券允許持有人將債券轉換為固定數量的股份。

GameStop's stock jumped 11.7% in Wednesday trading despite the struggling retailer reporting a fourth-quarter revenue decline of 28%, to $1.28 billion, compared to the same period in 2023. The stock was down 7.4% after hours on Wednesday, after the announcement about the bond sale.

GameStop的股票在周三的交易中增長了11.7％，儘管掙扎的零售商報告報告的第四季度收入下降了28％，至12.8億美元，而2023年的同期則下跌了12.8億美元。該股票在周三宣布債券出售後的幾個小時後下降了7.4％。

Last month, GameStop gained 10% after CNBC reported that the company was considering investing in bitcoin and other cryptocurrencies using its $4.6 billion cash pile.

上個月，GameStop在CNBC報告說，該公司正在考慮使用其46億美元現金堆對比特幣和其他加密貨幣進行投資。

GameStop's move comes as software maker Strategy has been stockpiling bitcoin for years. Last week, the company added $10.7 million of the cryptocurrency, adding to its existing $41.6 billion of bitcoin. In early February, GameStop's CEO Ryan Cohen hinted at a similar decision by posting a photo of himself and Strategy cofounder Michael Saylor on X.

GameStop的舉動是因為軟件製造商策略多年來一直在儲存比特幣。上週，該公司增加了1,070萬美元的加密貨幣，增加了現有的416億美元比特幣。 2月初，GameStop的首席執行官Ryan Cohen暗示了一個類似的決定，通過在X上發布了自己和戰略聯合創始人Michael Saylor的照片。

GameStop said it has not set a cap on the amount of the cryptocurrency it will hold and said that it can sell any bitcoin that it acquires.

GameStop表示，它尚未確定其將要持有的加密貨幣的數量，並表示可以出售其獲得的任何比特幣。

"We believe that opportunistic investments in cryptocurrencies and other digital assets can serve to enhance shareholder value," said GameStop chairman Paul Nerney.

GameStop主席Paul Nerney說：“我們認為，對加密貨幣和其他數字資產的機會主義投資可以提高股東價值。”

Jumping on the bandwagon

跳上潮流

The videogame retailer joins a growing list of companies investing in bitcoin. More firms are copying Strategy's playbook, including players outside of the crypto space. Companies including Tesla, Coinbase, Acurx Pharmaceuticals, and Riot Platforms have invested in bitcoin in recent years, and others have considered buying the coin.

電子遊戲零售商加入了越來越多的投資比特幣的公司清單。越來越多的公司正在復制策略的劇本，包括加密貨幣領域之外的玩家。特斯拉，Coinbase，Acurx Pharmaceuticals和Riot平台在內的公司近年來已經投資了比特幣，其他公司則考慮購買了硬幣。

With Wall Street gradually embracing bitcoin as a store of value asset, some investors argue that bitcoin makes sense as an asset for companies to hold in their treasuries to hedge inflation. This argument was posed to Microsoft shareholders in December, who ultimately rejected a proposal for the tech titan to buy the crypto.

隨著華爾街逐漸將比特幣作為價值資產存儲，一些投資者認為，比特幣是公司在對沖通貨膨脹的國庫中的資產。這一論點是在12月向微軟股東提出的。

Others see companies with large bitcoin holdings as a safer proxy to the crypto compared to buying the coin itself.

與購買硬幣本身相比，其他人認為擁有大型比特幣持有的公司是對加密貨幣的更安全的代理。

GameStop's decision comes weeks after President Donald Trump signed an executive order to establish a strategic reserve of cryptocurrencies using tokens already owned by the government.

Gamestop的決定是在唐納德·特朗普總統簽署了一項行政命令後數週，以建立使用政府已經擁有的代幣的加密貨幣戰略儲備。

Bitcoin is up 25% in the past year, boosted by a crypto-friendly US presidential administration. However, it's down about 6% year-to-date amid soaring volatility in risk assets and a waning of the momentum since Trump's election win.

在過去的一年中，比特幣增長了25％，這是由加密貨幣友好的美國總統管理局提高的。但是，自特朗普大選勝利以來，風險資產的波動和勢頭的降低，年至今降低了約6％。

Memestock frenzy

紀念瘋狂

GameStop, which sells physical games and hardware, has been grappling with changes to the video gaming industry as more people shift toward digital downloads and streaming.

銷售物理遊戲和硬件的GameStop一直在努力應對視頻遊戲行業的變化，因為越來越多的人轉向數字下載和流媒體。

It was a major winner in the meme stock mania of January 2021, which involved throngs of inexperienced investors using the trading app Robinhood to buy stocks of companies they wanted to support. GameStop's stock has risen over 2,200% in the last five years but is down 19% so far this year.

它是2021年1月的模因股票狂熱狂的主要贏家，其中涉及大量使用交易應用程序Robinhood的經驗豐富的投資者來購買他們想支持的公司的股票。 GameStop的股票在過去五年中上漲了2200％以上，但今年迄今為止下跌了19％。

Robinhood faced backlash for suddenly restricting trading on these meme stocks and for gamifying short-term investing, which critics say poses serious financial risks.

Robinhood面臨著突然限制這些模因股票並進行短期投資的貿易的反彈，批評者說，這構成了嚴重的財務風險。

In 2021, Robinhood CEO Vlad Tenev and Wall Street hedge fund managers were questioned in a congressional inquiry into the GameStop trading event. In 2023, a federal judge dismissed the lawsuit, saying that customer agreements allowed Robinhood to limit transactions.

2021年，在國會對GameStop交易活動的調查中，Robinhood CEO首席執行官Vlad Tenev和Wall Street對沖基金經理受到質疑。 2023年，一名聯邦法官駁回了訴訟，稱客戶協議允許Robinhood限制交易。