GameStop shares plummet 20% as the video-game retailer announces new capital raise after first Bitcoin purchase

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, its second such plan in the past few months. 

GameStop shares have tumbled 20% since the announcement, falling from $28.50 to $23.

While the company did not name Bitcoin specifically as a reason for the capital raise, it did say that the money would be used for “general corporate purposes...