GameStop
GameStop details $55.5B eBay bid with 5% stake, bitcoin funding in focus
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Updating its unsolicited bid announced earlier on May 4, GameStop has disclosed a 5% economic stake in eBay while proposing a $55.5 billion non-binding acquisition at $125 per share in cash and stock. Funding includes $9.4 billion in cash and liquid investments—featuring $368 million in bitcoin—and up to $20 billion in financing, prompting questions over the retailer's cryptocurrency future.
Ryan Cohen’s eBay auctions of collectibles, intended to help fund a bid for the marketplace itself, have drawn accusations that some items came from the former Game Informer vault.
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GameStop chief executive Ryan Cohen has listed a collection of personal and company-related items for sale on eBay. The move comes as the retailer explores acquiring the online marketplace itself. Proceeds from the auctions are described as a contribution toward that goal.
GameStop's CEO Ryan Cohen stands to gain a $35 billion payout if the company's market cap reaches $100 billion, a goal that involves closing hundreds of stores. The retailer has already shuttered 590 locations in 2024 and plans more closures in early 2026. Customer frustrations are mounting over trade-in incentives amid the shutdowns.
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GameStop's promotional 'Trade Anything Day' on December 6, 2025, resulted in over 80,000 unusual trades across U.S. stores, with customers offering everything from taxidermied animals to a can of whoop-ass for $5 store credit. The event aimed to boost awareness of the retailer's trade-in program while collecting donations for food banks. Employees faced awkward situations, including rejected attempts to trade pets and personal documents.