Bitcoin (BTC) purchases from video game dealer Gamestop (GME) could be imminent or may have already begun after the company closed its $ 1.3 billion offering of five -year convertible notes.

The $ 200 million Greenshoe option was fully exerted by the preliminary buyer, which brought the total amount of sales to $ 1.5 billion. The net proceeds of the company after fees were $ 1.48 billion, according to a filing Monday after the end of US trade.

Alongside his earnings report in the fourth quarter last week, Gamestop announced – led by his CEO Ryan Cohen – full board approval of an update to the business investment policy to add Bitcoin to the GME balance.

GME shares rose 1.35% during the regular session Monday and are an additional 0.8% in after -hours. Bitcoin remains modestly higher over the past 24 hours of $ 84,900.