GameStop Corp. said late Wednesday it plans to raise more debt — a move that could indicate another bitcoin purchase is looming for the videogame retailer and original meme stock. The Grapevine, Texas-based company announced the proposed private offering of $1.

GameStop (GME) stock plummeted as much as 19% in early trading Thursday after the video game seller announced that it intends to sell $1.75 billion worth of convertible bonds. In other words, GameStop is raising cash from investors by issuing debt in the form of convertible senior notes.

The video game retailer announced plans for a $1.75 billion convertible notes offering to partially fund its bitcoin purchase.