GameStop shares gave back much of Wednesday's rally after the video game retailer announced plans to raise debt to buy bitcoin.The meme stock tumbled more than 13% Thursday, following an almost 12% rally the previous session.

GameStop didn’t say how much Bitcoin it would buy, but at the current price of $85,368, the full $1.3 billion could purchase 15,228 bitcoin, making the video game retailer one of the largest corporate holders of crypto. As of last Monday, Strategy owned 506,137 that it paid $33.7 billion for at an average price of $66,608 each.

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