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.

Following the March announcement of the bitcoin treasury strategy, GameStop raised $1.3 billion through another convertible note offering. The company subsequently purchased 4,710 bitcoin for roughly $500 million during May. GME shares were lower by 10% in after hours trading.

Shares of GameStop, the video game retailer that recently pivoted to Bitcoin investment, plummeted on Thursday after the company announced a plan to raise $1.75 billion in debt financing from investors,