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 12% Thursday, following an almost 12% rally the previous session. The reversal came after the video game chain announced plans to raise $1.3 billion through the sale of convertible senior notes due in 2030 to buy bitcoin. On Tuesday, the GameStop board unanimously approved a plan to buy cryptocurrencies using corporate cash or future debt and equity proceeds, echoing a move made famous by MicroStrategy. Under the latest sale, a round of convertible debt will ... (full story)