GameStop shares tank on convertible bond offering to potentially buy more bitcoin

GameStop’s shares tumbled over 15% after the retailer announced a $1.75 billion convertible bond offering to fund its aggressive Bitcoin purchase strategy, mirroring moves by companies like MicroStrategy. Analysts express skepticism as the company faces declining revenues and market uncertainty.

GameStop shares tank on convertible bond offering to potentially buy more bitcoin

Siegfried shares decline following lower-than-expected annual results

Siegfried’s shares have declined following the company’s announcement of lower-than-expected annual results. The unexpected financial performance has raised concerns among investors and the market.