GameStop将投资比特币，出售13亿美元的可转换债券以购买加密货币

视频游戏零售商加入了越来越多的公司投资比特币的公司。越来越多的公司正在复制策略的剧本，包括加密货币领域之外的玩家。

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.

视频游戏零售商周二表示，GameStop将开始投资比特币，并计划出售13亿美元的可转换债券以购买加密货币。

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

GameStop的股票在比特币新闻上上升，但凭借债券交易而陷入困境。

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

陷入困境的零售商现在计划将比特币纳入其金融投资，投资者正在加入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.

该公司表示，其董事会已批准对加密货币和其他数字资产进行机会主义投资。作为这些计划的一部分，GameStop打算发行并出售13亿美元的可转换债券，以资助购买比特币。

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

如果股票上涨，可转换债券允许持有人将债券转换为固定数量的股份。

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长了11.7％，尽管挣扎的零售商报告报告的第四季度收入下降了28％，至12.8亿美元，而2023年的同期则下跌了12.8亿美元。该股票在周三宣布债券出售后的几个小时后下降了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.

上个月，GameStop在CNBC报告说，该公司正在考虑使用其46亿美元现金堆对比特币和其他加密货币进行投资。

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的举动是因为软件制造商策略多年来一直在储存比特币。上周，该公司增加了1,070万美元的加密货币，增加了现有的416亿美元比特币。 2月初，GameStop的首席执行官Ryan Cohen暗示了一个类似的决定，通过在X上发布了自己和战略联合创始人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，它尚未确定其将要持有的加密货币的数量，并表示可以出售其获得的任何比特币。

"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说：“我们认为，对加密货币和其他数字资产的机会主义投资可以提高股东价值。”

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.

电子游戏零售商加入了越来越多的投资比特币的公司清单。越来越多的公司正在复制策略的剧本，包括加密货币领域之外的玩家。特斯拉，Coinbase，Acurx Pharmaceuticals和Riot平台在内的公司近年来已经投资了比特币，其他公司则考虑购买了硬币。

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.

随着华尔街逐渐将比特币作为价值资产存储，一些投资者认为，比特币是公司在对冲通货膨胀的国库中的资产。这一论点是在12月向微软股东提出的。

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

与购买硬币本身相比，其他人认为拥有大型比特币持有的公司是对加密货币的更安全的代理。

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的决定是在唐纳德·特朗普总统签署了一项行政命令后数周，以建立使用政府已经拥有的代币的加密货币战略储备。

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.

在过去的一年中，比特币增长了25％，这是由加密货币友好的美国总统管理局提高的。但是，自特朗普大选胜利以来，风险资产的波动和势头的降低，年至今降低了约6％。

Memestock frenzy

纪念疯狂

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.

销售物理游戏和硬件的GameStop一直在努力应对视频游戏行业的变化，因为越来越多的人转向数字下载和流媒体。

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月的模因股票狂热狂的主要赢家，其中涉及大量使用交易应用程序Robinhood的经验丰富的投资者来购买他们想支持的公司的股票。 GameStop的股票在过去五年中上涨了2200％以上，但今年迄今为止下跌了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面临着突然限制这些模因股票并进行短期投资的贸易的反弹，批评者说，这构成了严重的财务风险。

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，在国会对GameStop交易活动的调查中，Robinhood CEO首席执行官Vlad Tenev和Wall Street对冲基金经理受到质疑。 2023年，一名联邦法官驳回了诉讼，称客户协议允许Robinhood限制交易。