{"id":918003,"date":"2026-07-06T22:20:15","date_gmt":"2026-07-07T03:20:15","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/06\/gamestop-gme-eyes-55-5b-ebay-takeover-368m-bitcoin-treasury-in-danger\/"},"modified":"2026-07-06T22:20:15","modified_gmt":"2026-07-07T03:20:15","slug":"gamestop-gme-eyes-55-5b-ebay-takeover-368m-bitcoin-treasury-in-danger","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/06\/gamestop-gme-eyes-55-5b-ebay-takeover-368m-bitcoin-treasury-in-danger\/","title":{"rendered":"GameStop GME Eyes $55.5B eBay Takeover: $368M Bitcoin Treasury in Danger?"},"content":{"rendered":"

Bitcoins <\/p>\n

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Author<\/p>\n

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Ahmed Barakat<\/p>\n

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Author<\/p>\n

Ahmed Barakat<\/span>\"bitcoins<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Aug 2025<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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CryptoNews Editorial Team<\/p>\n

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Author<\/p>\n

CryptoNews Editorial Team<\/span>\"bitcoins<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Sep 2018<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

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GameStop submitted a non-binding $55.5 billion offer to acquire eBay at $125 per share on Sunday, proposing to fund the deal with $9.4 billion in cash and liquid investments plus up to $20 billion in financing backed by TD Securities. <\/p>\n

The bid represents a 46% premium to eBay\u2019s share price from early February, when GameStop began quietly building a 5% economic stake through shares<\/a> and derivatives. <\/p>\n

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GameStop CEO says he’s making an offer to buy eBay for $56B<\/p>\n

\u201cThere is nobody who is more qualified, based on my experience, to run the eBay business” <\/p>\n

He\u2019d be borrowing over $20B to help make the deal happen <\/p>\n

(via @WSJ<\/a>) pic.twitter.com\/20LtVo6vbe<\/a><\/p>\n<\/div>\n

\u2014 Culture Crave \ud83c\udf7f (@CultureCrave) May 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Now the crypto market has a single question: what happens to the $368 million Bitcoin treasury sitting on GameStop\u2019s balance sheet?<\/p>\n

CEO Ryan Cohen called the acquisition plan \u201cway more compelling than bitcoin\u201d and left the door open to selling the company\u2019s BTC holdings to help finance the deal. That framing alone moved the conversation from corporate novelty to live market event. <\/p>\n

Bitcoin is trading near $81,000, meaning GameStop\u2019s 4,709 BTC position carries meaningful liquidation value, and meaningful sell pressure if Cohen pulls the trigger.<\/p>\n

\"bitcoins<\/figure>\n

Discover: The best crypto to diversify your portfolio with<\/a><\/strong><\/p>\n

Bitcoins Should GameStop Liquidate Its $368M Bitcoin to Fund the eBay Deal?<\/h2>\n

GameStop\u2019s $55.5 billion M&A bid dwarfs its current balance sheet, even with $9.4 billion in cash and a $20 billion financing commitment; the math is tight. Cohen explicitly described the eBay acquisition as a higher-priority capital deployment than bitcoin, and he confirmed GameStop has the \u201cability to issue stock<\/a> in order to get the deal done.\u201d If stock issuance proves insufficient or dilutive, the $368 million Bitcoin treasury becomes an obvious funding lever.<\/p>\n

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At current BTC prices, liquidating the full position would add roughly $368 million in cash, big but not big enough for a $55.5 billion transaction. The supply-side impact on Bitcoin markets would be limited in isolation, but the signal would carry weight: a company that adopted a Bitcoin Treasury reserve less than 18 months ago abandoning the position under M&A pressure is not a bullish corporate narrative.<\/p>\n

GameStop shifted 4,709 BTC to Coinbase Prime as part of a covered call options strategy, generating income while retaining exposure. That is not the behavior of a company planning to dump. <\/p>\n

If the eBay deal closes and the combined entity retains the BTC position, GameStop-eBay would control a Bitcoin treasury sitting alongside 135 million active buyers across 190 markets and nearly $80 billion in annual gross merchandise volume. Analysts have flagged this scenario as one that \u201ccould open the door for BTC payments integration\u201d at serious scale.<\/p>\n

Discover: The best pre-launch token sales<\/strong><\/a><\/p>\n

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Leigha Mongold Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since<\/p>\n","protected":false},"author":1,"featured_media":918004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24534,24465],"tags":[11476],"class_list":["post-918003","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gamestop","category-takeover","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/918003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=918003"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/918003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/918004"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=918003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=918003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=918003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}