GameStop's Trading Volume Drops 49.66% to $289 Million, Ranks 267th in Daily Volume

On June 18, 2025, GameStop's trading volume reached $289 million, marking a 49.66% decrease from the previous day. The stock closed with a 2.02% increase, ranking 267th in the day's trading volume.

GameStop recently announced the pricing of its upsized private offering of $2.25 billion in convertible senior notes due 2032. The notes, which carry a 0.00% interest rate, are expected to generate net proceeds of approximately $2.23 billion, with the potential to increase to $2.68 billion if the initial purchaser exercises its additional notes option. The notes will convert at an initial rate of 34.5872 shares per $1,000 principal amount, equivalent to a conversion price of $28.91 per share, representing a 32.5% premium. The offering is available to qualified institutional buyers under Rule 144A and is expected to close on June 17, 2025.

GameStop's first quarter 2025 financial results showed net sales of $732.4 million, down from $881.8 million in the same period last year. Despite the revenue decline, the company reported a net income of $44.8 million, compared to a net loss of $32.3 million in the prior year. The company's cash position strengthened significantly to $6.4 billion from $1.0 billion year-over-year. GameStop also completed its Canadian divestiture and purchased 4,710 Bitcoin during the quarter.

In March 2025, GameStop announced a significant shift in its investment strategy by including Bitcoin as a treasury reserve asset. This move marks the company's entry into cryptocurrency holdings as part of its treasury management strategy. The decision was unanimously approved by the board and announced from the company's headquarters in Grapevine, Texas.