GameStop Corp. shares were tumbling Thursday after the company announced that it plans to raise more debt — a move that could indicate another bitcoin purchase is looming for the videogame retailer and original meme stock.

Said investment policy is to add bitcoin as a treasury reserve asset, according to a March release from the company. Today's offering, only open to qualified institutional buyers, includes an option for purchasers to buy an additional $250 million in notes within two weeks of the initial issuance,

GameStop has announced its intention to raise $1.75 billion via the offer of convertible senior notes, potentially to purchase more Bitcoin.