GameStop plans $55.5B eBay acquisition, raising questions on BTC sale

GameStop has announced a major expansion plan to acquire online marketplace eBay for $55.5 billion, raising questions about the future of its $368 million corporate Bitcoin holdings. According to CoinDesk, GameStop plans to fund the deal using its $9.4 billion in cash and liquid assets, supplemented by up to $20 billion in additional financing. The media outlet noted that the transaction will force the company to decide whether to retain its Bitcoin as a long-term asset or liquidate it to fund the expansion. GameStop did not respond to a request for comment on its plans for its Bitcoin. Previously, GameStop CEO Ryan Cohen stated he was planning to acquire a publicly traded consumer goods company, adding that the new plan was much more attractive than Bitcoin.