GameStop has made a non-binding offer to acquire eBay for $55.5 billion, sparking speculation about the potential use of its $368 million bitcoin holdings to finance the deal. The company, which holds approximately $368 million in BTC, plans to utilize its $9.4 billion in cash and liquid investments, along with up to $20 billion in financing, to fund the acquisition.
With the deal's significant cash requirements, the possibility of GameStop selling its bitcoin to support the expansion has become a topic of interest. CEO Ryan Cohen had previously suggested that the company's crypto holdings could be sold to fund a major acquisition, describing the plan as more compelling than bitcoin. The acquisition would transform GameStop into a broader e-commerce player and raise questions about the long-term status of its bitcoin holdings.