import maybeGetColorForVariable from '@Controls/maybeGetColorForVariable'; function colourNameToHex( colour ) { let result; const colours = { 'black': '#000000', 'cyan-bluish-gray': '#abb8c3', 'white': '#ffffff', 'pale-pink': '#f78da7', 'luminous-vivid-orange': '#ff6900', 'luminous-vivid-amber': '#fcb900', 'light-green-cyan': '#7bdcb5', 'vivid-green-cyan': '#00d084', 'pale-cyan-blue': '#8ed1fc', 'vivid-cyan-blue': '#0693e3', 'vivid-purple': '#9b51e0', 'vivid-red': '#cf2e2e', }; if ( typeof colours[ colour?.toLowerCase() ] !== 'undefined' ) { result = colours[ colour?.toLowerCase() ]; } else { const colorVal = `var(--wp--preset--color--${ colour })`; result = maybeGetColorForVariable( colorVal ); } return result; } export default colourNameToHex; /** * The functions graveyard. * * @package AdvancedAds * @author Advanced Ads * @since 2.0.0 */ /** * Return ad content * * @since 1.0.0 * @deprecated 2.0.0 * * @param int $id Id of the ad (post). * @param array $args Additional arguments. */ function get_ad( $id = 0, $args = [] ) { _deprecated_function( __FUNCTION__, '2.0.0', 'get_the_ad' ); return get_the_ad( $id, '', $args ); } /** * Return an ad from an ad group based on ad weight * * @since 1.0.0 * @deprecated 2.0.0 * * @param int $id Id of the ad group (taxonomy). * @param array $args Additional arguments. */ function get_ad_group( $id = 0, $args = [] ) { _deprecated_function( __FUNCTION__, '2.0.0', 'get_the_group' ); return get_the_group( $id, '', $args ); } /** * Return content of an ad placement * * @since 1.1.0 * @deprecated 2.0.0 * * @param string $id Slug of the ad placement. * @param array $args Additional arguments. */ function get_ad_placement( $id = '', $args = [] ) { _deprecated_function( __FUNCTION__, '2.0.0', 'get_the_placement' ); return get_the_placement( $id, '', $args ); } GameStop Shares down 20% on $500M upsizing, signaling Bitcoin Investments - Gaming News google.com, pub-1884294887586162, DIRECT, f08c47fec0942fa0
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GameStop Shares down 20% on $500M upsizing, signaling Bitcoin Investments

June 13, 2025
in Crypto Gaming
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Online game and client electronics retailer GameStop elevated its deliberate personal convertible be aware providing to $2.25 billion, signaling a deeper dedication to constructing out its company Bitcoin treasury.

GameStop upsized its personal convertible be aware providing to $2.25 billion on Thursday, with the gross sales of the notes anticipated to shut on Tuesday.

The online game retailer expects web proceeds of about $2.23 billion, or $2.68 billion if the preliminary purchasers train their choices to buy further notes in full.

The notes are set to mature on June 15, 2032. This marks a $500 million upsizing from the preliminary $1.75 billion be aware providing that GameStop introduced on Wednesday.

Associated: Blockchain Group provides $68M in Bitcoin to company treasury

The financing spherical comes two weeks after GameStop introduced the acquisition of 4,710 Bitcoin (BTC) valued at about $513 million on Might 28, two months after the agency confirmed plans to create a BTC treasury technique on March 2.

GameStop plans to make use of the $2.25 billion for “normal company functions, together with making investments in a way per GameStop’s Funding Coverage,” which can sign extra Bitcoin investments from the online game big.

Supply: Bitbo

The online game retailer is already the world’s eleventh largest company Bitcoin holder behind Galaxy Digital Holdings, Bitbo information reveals.

Technique publicizes pricing of IPO inventory. Supply: Technique

Technique, the world’s largest company Bitcoin holder, has additionally been leveraging debt financing methods to purchase extra Bitcoin. On June 6, Technique introduced an upsized inventory providing of almost $1 billion, quadrupling the earlier $250 million, Cointelegraph reported.

Associated: ‘Apple can buy Bitcoin,’ Saylor says, as share buyback disappoints

GameStop shares plunge 22%

GameStop’s shareholders are seemingly sad with the increase regardless of Bitcoin’s potential to bolster an organization’s steadiness sheet.

Google Finance information reveals that GameStop’s share value fell over 22% on Wednesday after the preliminary $1.75 billion spherical was introduced.

GameStop shares, 1-day chart. Supply: Google Finance 

GameStop’s share value has been missing upside momentum for the reason that firm reported blended earnings outcomes for the primary quarter of 2025.

GameStop’s web gross sales decline year-on-year. Supply: GameStop 

GameStop reported Q1 2025 income of $732.4 million, decrease than analyst estimates of $754.2 million and a 17% decline in comparison with its $881.8 million income for a similar interval final yr. IG Financial institution attributed this to slowing bodily recreation gross sales.

Journal: Arthur Hayes $1M Bitcoin tip, altcoins ‘highly effective rally’ looms: Hodler’s Digest, Might 11 – 17