GameStop said 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 (GME) is raising another $1.75 billion by issuing convertible senior notes to fund Bitcoin purchases, according to a company press release. The move sent its shares sliding 11% in after-hours trading on Wednesday,