GameStop has made a non-binding offer to acquire eBay for $55.5 billion, prompting speculation about the potential use of its $368 million bitcoin holdings to fund the deal. The company, which has been building a position in eBay since February, has proposed paying $125 per share in cash and stock. With a significant amount of cash required to complete the deal, GameStop's bitcoin stash has come under scrutiny. The company has previously stated that it may consider selling its crypto holdings to fund a large acquisition, and its recent transfer of 4,709 BTC to Coinbase Prime has fueled further speculation.
While GameStop has not commented on its plans for its bitcoin holdings, the proposed acquisition is expected to transform the company into a major e-commerce player and may determine the long-term fate of its bitcoin reserve.