{"id":72030,"date":"2026-05-04T10:32:54","date_gmt":"2026-05-04T10:32:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/gamestop-bids-56b-for-ebay-leveraging-519m-bitcoin-treasury\/"},"modified":"2026-05-04T10:32:54","modified_gmt":"2026-05-04T10:32:54","slug":"gamestop-bids-56b-for-ebay-leveraging-519m-bitcoin-treasury","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/gamestop-bids-56b-for-ebay-leveraging-519m-bitcoin-treasury\/","title":{"rendered":"Gamestop Bids $56B for Ebay, Leveraging $519M Bitcoin Treasury"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight:400\">Gamestop offered $55.5B for Ebay at $125\/share, with TD Bank providing $20B in debt financing. <\/span><\/li>\n<li><span style=\"font-weight:400\">The bid draws on Gamestop\u2019s $519M <span>bitcoin<\/span> position, built from 4,710 <span>BTC<\/span> purchased in fiscal 2025. <\/span><\/li>\n<li><span style=\"font-weight:400\">Ryan Cohen plans a proxy fight if Ebay\u2019s board refuses, signaling full commitment to the acquisition.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight:400\">The Offer<\/span><\/h2>\n<p><span style=\"font-weight:400\">Gamestop submitted an unsolicited, non-binding offer to acquire Ebay for approximately $55.5 billion, $125 per share in a roughly equal split of cash and Gamestop common stock, representing a 20% premium to Ebay\u2019s last Friday close. <\/span><\/p>\n<p><span style=\"font-weight:400\">Ryan Cohen, who leads Gamestop as CEO, told Ebay\u2019s board he views the platform as capable of becoming a meaningful rival to Amazon. He has also indicated he is prepared to <\/span><a href=\"https:\/\/www.wsj.com\/business\/deals\/gamestop-preparing-offer-for-ebay-1678e6de\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">pursue a proxy fight<\/span><\/a><span style=\"font-weight:400\"> and take the offer directly to shareholders if the board refuses to engage. TD Bank has provided a <\/span><a href=\"https:\/\/www.ebc.com\/forex\/gamestop-stock-jumps-on-55-5b-unsolicited-ebay-acquisition-bid\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">$20 billion commitment letter<\/span><\/a><span style=\"font-weight:400\"> to help finance the deal.<\/span><\/p>\n<figure id=\"attachment_811594\" aria-describedby=\"caption-attachment-811594\" style=\"width:1136px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-811594\" class=\"wp-caption-text\">EBAY\u2019s stock price surge following the Gamestop bid<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">Gamestop ended fiscal 2025 with <\/span><a href=\"https:\/\/fortune.com\/2026\/05\/01\/ebay-stock-gamestop-takeover-bid-ryan-cohen\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">nearly $9 billion<\/span><\/a><span style=\"font-weight:400\"> in total cash and investments, a war chest built through years of cost-cutting and, more recently, a deliberate pivot into digital assets.<\/span><\/p>\n<h2><span style=\"font-weight:400\">The <span>Bitcoin<\/span> Connection<\/span><\/h2>\n<p><span style=\"font-weight:400\">The <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> angle sits at the center of Gamestop\u2019s modernized balance sheet as the company acquired 4,710 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> for approximately $500 million during fiscal 2025, with 4,709 of those coins pledged as collateral in a covered-call strategy. The position has since grown to approximately $519 million and forms part of the balance sheet underpinning the Ebay proposal.<\/span><\/p>\n<p><span style=\"font-weight:400\">The approach mirrors, in spirit if not in scale, the model popularized by Strategy, which <\/span><a href=\"https:\/\/news.bitcoin.com\/strategy-skips-weekly-bitcoin-buy-after-108-total-purchases-818334-btc-holdings\/\"><span style=\"font-weight:400\">holds 818,334 BTC<\/span><\/a><span style=\"font-weight:400\"> and has used preferred equity issuance and capital markets access to fund aggressive <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> accumulation. Gamestop\u2019s variant is distinct in that, rather than accumulating further, the company is leveraging its non-traditional balance sheet to pursue an M&amp;A ambition at a scale that would have seemed implausible three years ago.<\/span><\/p>\n<h2><span style=\"font-weight:400\">Market Reaction<\/span><\/h2>\n<p><span style=\"font-weight:400\">Gamestop shares closed at $26.53 on May 1, up 6.33%, as investors priced in the transformational possibility, while Ebay\u2019s stock surged more than 10% in after-hours trading (as seen above) following the reports. The GME <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-memecoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">meme coin<\/a> mirrored the excitement, rising 54% within hours of the news breaking. Eb<\/span><span style=\"font-weight:400\">ay\u2019s board has not yet publicly responded to the proposal.<\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/gamestop-56-billion-ebay-bid-bitcoin-treasury\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Gamestop offered $55.5B for Ebay at $125\/share, with TD Bank providing $20B in debt financing. The bid draws on Gamestop\u2019s $519M bitcoin position, built from 4,710 BTC purchased in fiscal 2025. Ryan Cohen plans a proxy fight if Ebay\u2019s board refuses, signaling full commitment to the [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72030"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72030"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72031"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}