GameStop announced plans for a private offering of $1.3 billion in convertible senior notes, aiming to use the proceeds for general corporate purposes, including to invest in Bitcoin. Shares of the videogame retailer and meme stock had fallen 23% on Thursday,

MicroStrategy, now rebranded as Strategy, has surpassed 500,000 BTC in holdings after a $584M purchase—reinforcing its position as the top corporate Bitcoin holder.

MicroStrategy shares jumped more than 10% on Monday after a regulatory filing revealed that the software firm, the world's largest corporate holder of bitcoin, had purchased more of the digital currency.