Bitcoin News
By Evie Vavasseur
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How GameStop Plans to Finance the Deal. Here's where things get interesting. GameStop is way smaller than eBay.
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The Bitcoin Angle Nobody's Talking About Yet. GameStop holds 4,710 BTC. It's been running options strategies with the Bitcoin position to…
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What Happens If the Deal Falls Apart. If eBay rejects the bid, GameStop stays a BTC-holding retailer with a big pile of cash and no…
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The video game retailer just threw down a $55.5 billion unsolicited offer for the e-commerce giant, proposing $125 per share in a half-cash, half-stock deal.
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Here's where things get interesting. GameStop is way smaller than eBay. Yet Ryan Cohen's company says it can pull this off using $9.
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eBay's board now has to review the proposal. They didn't ask for this and they're not obligated to take it.
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Cohen thinks he can squeeze $2 billion in annual costs out of eBay within 12 months. His target list includes sales, marketing, product development, and administrative bloat.
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GameStop holds 4,710 BTC. It's been running options strategies with the Bitcoin position to generate income while keeping exposure.
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GameStop didn't announce any concrete plans to integrate Bitcoin into eBay's platform. But the door's open.
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Right now it's all speculation. GameStop hasn't said a word about crypto integration plans. But the pieces fit together in a way that makes sense for Cohen's broader strategy.
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Read also: BTC Eyes $79K Weekly Close—Highest Since January as Bulls Erase Mid-Week Losses
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The regulatory hurdles here are real. Any deal this size gets scrutiny from antitrust regulators, especially with overlapping interests in certain product categories.
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eBay's board has good reasons to say no. The company's growth trajectory looks solid without GameStop's help.
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But if the deal goes through? That changes the game for Bitcoin in mainstream commerce. An eBay-GameStop combination would create one of the largest retail-plus-marketplace…
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Cohen's past moves suggest he's not afraid to try unconventional strategies. He rebuilt GameStop's balance sheet by issuing stock during the meme rally, then used the proceeds to…
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