GameStop has proposed a $55.5 billion acquisition of eBay, prompting speculation about the potential sale of its $368 million bitcoin holdings to finance the deal. The offer includes a 46% premium over eBay's share price from early February.
GameStop submitted a non-binding offer to acquire eBay for $125 per share in cash and stock. The company holds approximately $368 million worth of bitcoin and has indicated it may use its $9.4 billion in cash and liquid investments, along with up to $20 billion in financing, to fund the acquisition. This has led to questions about whether GameStop will liquidate its bitcoin assets to support the transaction.