Key Takeaways GameStop shares are dropping 17% in premarket trading Thursday, extending a post-earnings slide.After the bell Wednesday, the video-game retailer announced a $1.75 billion convertible note offering.

GameStop is raising money by selling special financial instruments called Convertible Senior Notes. They plan to sell $2.25 billion worth of these notes and might sell an additional $450 million if the buyers want more.

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