GameStop's $38.29 Billion Trading Volume Lands 13th in Market Activity Despite 22.45% Stock Decline

On June 12, 2025, GameStop's trading volume reached $38.29 billion, marking a 657.39% increase from the previous day, ranking it 13th in the day's stock market activity. However, the stock price of GameStop (GME) fell by 22.45%, marking the third consecutive day of decline, with a total decrease of 27.03% over the past three days.

GameStop recently announced a proposed private offering of $1.75 billion in convertible senior notes, maturing on June 15, 2032. This move is part of the company's strategy to raise cash from investors by issuing debt in the form of convertible senior notes. Investors will have the option to convert these notes into GameStop equity before or when they mature, which could potentially dilute shares and impact the stock's value.

GameStop plans to use the proceeds from this convertible bond sale for investments and potential acquisitions. In May, the company announced a $500 million purchase of bitcoin, adding it to its treasury reserve assets. This strategy, similar to that of Michael Saylor's software firm, Strategy (MSTR), aims to replicate the stock price success achieved through holding bitcoin on the balance sheet. However, investors remain cautious due to the volatility of bitcoin, which could lead to potential risks such as bankruptcy if the price of bitcoin drops rapidly.

GameStop's revenue has been declining since 2023 as video gamers increasingly opt for digital game purchases over visiting physical stores. The company reported a 6% decrease in first-quarter revenue to $748 million, which contributed to a 5% drop in stock price the following day. The company's announcement of its bitcoin investment in May also resulted in a 10% decline in shares in a single day, highlighting the market's sensitivity to such strategic moves.