Just 24 hours after adding his name to the list of companies pursuing a Bitcoin (BTC) Treasury strategy, adds Gamestop (GME) – led by his CEO Ryan Cohen – also his name to these companies issuing convertible debt to raise funds for BTC acquisition.

1.3 billion dollars convertible seniorotates will have a five-year maturity, according to a press release, and the insurance company Greenshoe is for up to an additional $ 200 million. The paper comes with a 0% coupon.

“Gamestop expects to use the net proceeds from the supply to general business purposes, including the acquisition of Bitcoin in a way that is in accordance with Gamestop’s investment policy,” the press release continued.

By making this step, Gamestop joins Michael Saylor-led strategy (MSTR), Semler Scientific (SMLR), Mara Holdings (Mara) and Riot Platforms (RIOT) as the companies that issue convertible debt to Bitcoin purchase.

GME shares are down with 7% in trading after hours after a 11.7% advance in the regular session on Wednesday. Bitcoin seems to be jumping out of its worst levels of the day on the news and re -consuming $ 87,000 after falling as low as $ 86,000 minutes ago.