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.

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

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