GameStop’s $55.5B eBay Bid: Will They Sell Their $368M Bitcoin Stash?

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GameStop’s $55.5 billion eBay takeover bid puts its $368 million <a href="https://pricpr.com/btc-usd/">bitcoin</a> stash in the crosshairsFinance

What to know:

  • Video game retailer GameStop proposed to acquire online marketplace eBay for $55.5 billion in a major expansion bid.
  • The company plans to fund the bid with $9.4 billion in cash and liquid investments on its balance sheet plus up to $20 billion in financing, raising questions about whether it will sell its $368 million bitcoin stake.
  • The bid comes after GameStop shifted its bitcoin stash to Coinbase Prime to generate income, while CEO Ryan Cohen framed the firm’s expansion plan as “way more compelling than bitcoin.”

GameStop (GME) is planning a large expansion and has offered to buy eBay (EBAY) for $55.5 billion. This has led to speculation about whether GameStop might use its Bitcoin holdings to help pay for the acquisition.

GameStop, a video game retailer that owns approximately $368 million in Bitcoin, made an offer to buy eBay on Sunday. The offer, a mix of cash and stock, values eBay at $125 per share. This bid is 46% higher than eBay’s share price was in early February, around the time GameStop started investing in the company. GameStop currently owns about 5% of eBay through its shares and related investments.

As a crypto investor, I’m watching this GameStop situation closely. It looks like they’re planning a pretty big move and will need a lot of cash to pull it off. They’ve got around $9.4 billion in cash and investments already, but they’re also looking at potentially raising up to $20 billion more through financing – they’ve got a letter of support from TD Securities, which is good to see.

Will GameStop sell BTC?

That raises fresh questions about whether GameStop will sell its BTC to help pay for the deal.

This acquisition plan builds on comments made by CEO Ryan Cohen in February, when he announced he was looking to buy a large, publicly traded consumer company. He called the potential deal significantly more attractive than Bitcoin and suggested they might sell their cryptocurrency assets to help finance it.

GameStop recently revealed it moved around 4,709 Bitcoin to Coinbase Prime, a service Coinbase offers to institutional investors. This move allows GameStop to continue benefiting from Bitcoin’s potential while also earning income through a specific investment strategy involving options.

After using Coinbase Prime, the company reported having over $9 billion in cash, including its $368 million in Bitcoin, which was categorized as an asset it expects to receive. This total of $9.4 billion could be used to finance a potential acquisition.

Cohen told CNBC that the company can issue more stock if needed to complete the deal.

GameStop hadn’t said what it planned to do with its Bitcoin as of this writing.

The potential partnership with eBay could transform GameStop into a more versatile online retailer. A key part of this deal will decide if GameStop continues to hold onto its Bitcoin investment or uses it to finance this expansion.

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2026-05-04 23:24