GameStop, which declared it would buy up Bitcoin, instead crashes 22%...Why?

GameStop, a representative meme stock in the U.S. stock market, had declared a Bitcoin buy-up and had soared 12% the previous day, but suddenly plummeted by more than 22%.
On the 27th (local time) on the New York market, GameStop's stock price plummeted 22.11% to $22.09.
GameStop announced on the 25th that it would stockpile Bitcoin, and its stock price soared by about 12% on the 26th.
The stock price crashed by more than 22% on that day. This was because GameStop announced on the same day that it would issue $1.3 billion in convertible bonds to buy Bitcoin.
It appears that GameStop's stock price crashed due to concerns that if the company, which was already struggling financially, were to take on debt to buy Bitcoin, its business would become even more difficult.