GameStop shares plunged Thursday after the company's plans to sell debt to fund purchases of bitcoin raised some questions on Wall Street.

The latest sell-off came after the video game chain announced plans to $1.3 billion through the sale of convertible senior notes to purchase bitcoin.

GameStop shares tumbled in intraday trading Thursday, a day after the video game retailer said it was planning to issue $1.3 billion in convertible bonds for general corporate purposes, including buying Bitcoin.

GameStop announces it will close a substantial number of its retail locations in the coming year and will start investing in Bitcoin.

With its eagerly anticipated move into bitcoin, videogame retailer and original meme-stock name GameStop Corp. is following in the cryptocurrency footsteps of software company and bitcoin play Strategy,

GameStop (GME) plans to close down a “significant number” of stores as the struggling video game retailer switches focus. The exact number of