gamestop

According to market news, eBay has rejected GameStop's acquisition offer of approximately $56 billion, stating that it is "neither credible nor attractive."Previously, on May 4, GameStop proactively proposed to acquire the online trading platform eBay for about $56 billion. GameStop's CEO Cohen stated that the company holds about 5% of eBay's shares and proposed to acquire it for $125 per share in cash and stock. If eBay does not accept this proposal, Cohen is prepared to initiate a proxy battle and submit the proposal directly to shareholders.

According to a screenshot posted by GameStop CEO Ryan Cohen on social media, just two days after he proposed to acquire eBay for $56 billion, his personal platform account was permanently banned by eBay. The reason given was that "some of the user's activities are posing a risk to the eBay community."

According to the Wall Street Journal, GameStop will offer $56 billion to acquire eBay.It is reported that GameStop CEO Ryan Cohen stated that GameStop currently holds about 5% of eBay's shares and has proposed to acquire eBay with a combination of cash and stock at $125 per share, which is about a 20% premium over eBay's closing price last Friday.

According to informed sources, GameStop CEO Ryan Cohen is planning to make a takeover bid for the e-commerce platform eBay, which has a market value of about $45 billion, with the aim of transforming it into a retail giant worth over $100 billion, while GameStop itself currently has a market value of only about $11 billion.After the news broke, eBay's stock price surged over 10% in after-hours trading, while GameStop rose about 5%. Sources also revealed that GameStop has quietly increased its stake in eBay and may submit a bid as early as later this month. If the eBay board rejects the offer, Cohen may launch a tender offer directly to eBay shareholders.Cohen made it clear earlier this year that he is looking for significant acquisition targets in the consumer and retail sectors, attempting to expand the company's business beyond video games and collectibles. He recently adjusted the compensation plan, which could allow him to earn up to $35 billion in stock returns if the company's market value reaches $100 billion and other conditions are met.As of the end of March, GameStop held about $9 billion in cash, a significant increase from $4.8 billion in the same period last year, providing ammunition for this "snake swallowing elephant" acquisition. eBay's stock price has risen over 50% in the past 12 months, and in February of this year, it acquired the second-hand fashion platform Depop for $1.2 billion, indicating that its core strategy focusing on collectibles and fashion is beginning to show results.GameStop investor Michael Burry, the real-life inspiration for the movie "The Big Short," has also publicly called for the company to use its cash reserves for transformative acquisitions. Since joining the board in 2021 and becoming chairman, Cohen has garnered a large following of enthusiastic supporters due to his commitment to turning the company around, and he is expected to leverage the massive online fanbase to generate momentum for this deal.

GameStop disclosed that the approximately 4,710 BTC previously transferred to Coinbase Prime was not sold but used as collateral in a covered call strategy to generate option premium income.The company sold short-term call options over-the-counter (OTC), with strike prices ranging from $105,000 to $110,000, generating income while retaining exposure to Bitcoin, but this also limited the upside potential. As a result of this structure, GameStop no longer directly holds Bitcoin assets but records them as "receivable assets," which means the right to recover an equivalent amount of BTC from the counterparty in the future. Since the collateral can be rehypothecated or reused, its position has transformed into a derivative exposure with counterparty risk.The financial report shows that as of the end of the fiscal year, the value of receivable assets related to this strategy was approximately $368.3 million, while an unrealized loss of about $59.7 million was recorded (due to the decline in Bitcoin prices). Additionally, the company confirmed approximately $700,000 in option liabilities and $2.3 million in unrealized gains.

According to monitoring by BitcoinTreasuries.NET, GameStop has pledged 4709 of its 4710 bitcoins as collateral, staked to Coinbase for a covered call option strategy.

Analyst Emmett Gallic posted on the X platform that GameStop spent $500 million in 2025 to acquire 4,710 BTC. In January of this year, GameStop pledged 4,709 BTC to Coinbase Credit as collateral for a covered call option, terminating the recognition of that portion of BTC and accounting for $368.3 million in accounts receivable, resulting in a net loss of $131.6 million. Since the pledge, the price of Bitcoin has dropped by approximately 25%.

According to official news, GameStop announced its financial performance for the fourth quarter and the full year ending January 31, 2026. Fourth quarter net sales were $1.104 billion, compared to $1.283 billion in the same period last year; net profit was $127.9 million, compared to $131.3 million in the same period last year. As of the end of the fourth quarter, cash, cash equivalents, and marketable securities totaled $9 billion, with Bitcoin and related receivables valued at $368.4 million.In addition, the company's full year net sales were $3.63 billion, compared to $3.823 billion in the same period last year; net profit was $418.4 million, compared to $131.3 million in the same period last year.

GameStop transferred all of its 4,710 bitcoins to Coinbase Prime in January, sparking speculation in the market about a potential sell-off. The company had previously built a bitcoin position of about $500 million, which is now valued at approximately $362.4 million. CEO Ryan Cohen stated in an interview with CNBC on Friday that the company is shifting towards a transformative acquisition strategy, claiming that this plan is more attractive than bitcoin.Cohen declined to disclose whether the company would liquidate its bitcoins but emphasized that the acquisition plan is transformative not only for GameStop but for the entire capital market. Following the announcement, GameStop's stock price rose by about 8.25% to $25.85.

American renowned "Big Short" Michael Burry posted, "I hold GameStop (GME) and have been buying recently. I expect that the price I bought in at may soon approach 1 times the tangible book value and 1 times the net asset value. I do not expect to realize long-term value through a short squeeze and am willing to hold long-term."Affected by this news, GameStop's stock price surged by 8.8% during intraday trading on Monday, closing at $24.01, an increase of 4.44%.

GameStop has transferred all of its 4,710 bitcoins to Coinbase Prime, sparking speculation in the market about its potential sale of bitcoin assets. The current value of this bitcoin is approximately $422 million. This transfer "likely indicates preparations for a sale." If sold at an approximate price of $90,800 per bitcoin, GameStop could realize a paper loss of about $76 million. Previously, GameStop purchased the aforementioned bitcoins in batches at an average price of $107,900 in May of this year. As of now, GameStop has not publicly responded to whether it will sell the bitcoins.

According to market news, GameStop is suspected of transferring all on-chain BTC to Coinbase Prime, possibly for sale.

According to Jinshi News, U.S. stocks opened with the Dow Jones Industrial Average up 0.1%, the S&P 500 up 0.03%, and the Nasdaq Composite up 0.02%. GameStop (GME.N) rose 3.97% as the company announced a performance compensation plan for CEO Ryan Cohen. Ventyx (VTYX.O) soared 49%, reportedly nearing a deal with Eli Lilly (LLY.N) to be acquired for over $1 billion.

According to CoinDesk, as of the end of the third quarter, GameStop (stock code GME) held Bitcoin worth $519.4 million, although the company recorded a digital asset holding loss of $9.2 million during this period. Additionally, verified official documents show that GameStop still held 4,710 Bitcoins at the end of the third quarter, unchanged from the data released in the second quarter financial report.Due to sales performance not meeting investor expectations, the company's stock price fell 5.8% on Wednesday. Since GameStop announced its Bitcoin plan in March, its stock price has dropped over 22%, as investors weigh the risks of holding cryptocurrency against the impact of the company's weak core business performance.

The publicly traded company GameStop invested $500 million in Bitcoin this spring, and now this asset is causing significant volatility for the company.According to the company's third-quarter financial report released on Tuesday, the position had a book value of approximately $519 million at the end of September, resulting in over $19 million in unrealized profits. However, at the end of the second quarter, this holding had briefly risen to $528 million, and then recorded an unrealized loss of $9.4 million due to a price drop. During the third quarter, GameStop did not increase or sell any Bitcoin. In 2025, Bitcoin reached new highs driven by crypto-friendly policies in the U.S. However, the crash on October 10 caused prices to fall about 30% from their peak this year, shaking the entire industry. During this collapse, approximately $19 billion in leveraged crypto positions were forcibly liquidated, and several publicly traded companies that benefited from the bull market began to show signs of pressure. In addition to GameStop, non-crypto companies also made significant purchases of Bitcoin this year, including Japanese hotel operator MetaPlanet and Trump Media & Technology Group, which is under Trump. This trend is attributed to President Trump's executive orders strengthening the strategic position of crypto assets within his administration and pushing regulators to implement a light regulatory framework. As the market weakens, the financial performance of these companies is facing severe challenges.

The New York Stock Exchange-listed company GameStop released its third-quarter financial performance report, which disclosed that as of the end of the third quarter of 2025, the company holds Bitcoin valued at $519.4 million, as well as cash, cash equivalents, and marketable securities worth $8.8 billion.GameStop also disclosed that its net profit for the third quarter was $77.1 million, compared to a net profit of $17.4 million in the same period last year. Excluding unrealized losses on digital assets and other items, the adjusted net income reached $139.3 million, showing significant growth compared to the adjusted net income of $26.2 million in the same period last year.

Eric Trump, the second son of Donald Trump, stated on social media, "The cryptocurrency mining company American Bitcoin Corp. continues to accumulate Bitcoin, and the next company to surpass is GameStop."According to data shared by Eric Trump, American Bitcoin currently holds 4,367 BTC, while GameStop currently holds 4,710 BTC.Earlier reports indicated that American Bitcoin was co-founded by Eric Trump, and its stock price plummeted 35% this Monday due to the unlocking of restricted shares.

ChainCatcher news, GameStop reported a net loss of $18.5 million for the second quarter, significantly narrowing from a profit of $44.8 million in the previous quarter. Revenue fell to $673.9 million, impacted by a decline in hardware and software sales, but sales of collectibles increased.The company purchased 4,710 bitcoins this quarter at a cost of $500 million, with a year-end valuation of $528.6 million, resulting in an unrealized gain of $28.6 million, making it one of the few publicly traded companies involved in digital assets.

ChainCatcher news, according to Protos, Gamestop CEO Ryan Cohen suddenly unfollowed all Bitcoin-related accounts on the X platform, a move that has drawn attention on social media.Gamestop currently holds approximately $550 million worth of 4,710 Bitcoins, which is only one-third of the amount the company planned to purchase since April. Nevertheless, Cohen's investment attitude is considered lackluster, and he has even been criticized as "worthless" and a "non-Bitcoin supporter."Additionally, Cohen has been nicknamed "Rugpull Ryan" to highlight that his stock price has dropped 80% from its historical peak. Although Gamestop raised $1.48 billion through bond sales in April, claiming it would be used for purchasing Bitcoin and company operations, Cohen has only used about one-third of those funds to buy Bitcoin.

ChainCatcher news, according to CNBC, GameStop CEO Ryan Cohen stated in an interview with CNBC's financial program that the company will not follow the Strategy model, but rather has its own unique strategy.Currently, GameStop has a very strong balance sheet, with over $9 billion in cash and securities, and the previous purchase of 4,710 BTC was merely to view Bitcoin as a hedge against inflation and global money printing.