GameStop's $55B eBay Bid Could Liquidate Its Bitcoin | CoinDesk Daily
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CoinDesk
4.7 • 698 Ratings
🗓️ 5 May 2026
⏱️ 1 minutes
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| 0:00.0 | Bullish has agreed to buy equinity for $4.2 billion. |
| 0:04.0 | Equinity is one of the world's largest transfer agents maintaining records for more than 2,500 companies |
| 0:08.7 | and processing roughly $500 billion in payments every year. |
| 0:13.2 | The deal gives Bullish a fully integrated tokenized securities platform, |
| 0:16.5 | covering issuance, registry, trading, and settlement in one place. |
| 0:20.3 | All right, GameStop has submitted a |
| 0:22.2 | $55.5 billion offer to buy eBay. The video game retailer has $9.4 billion in cash and |
| 0:28.8 | secured up to $20 billion in outside financing. CEO Ryan Cohen has left open the possibility |
| 0:34.0 | of selling GameStop's $368 million worth of Bitcoin treasury to help fund it. |
| 0:40.3 | And Bitmine bought $101,000 each last week worth roughly $238 million, bringing its total to about 4.3% of the entire token supply. |
| 0:49.3 | Chairman Tom Lee says Crypto Spring has officially started. |
| 0:52.8 | He notes that investor sentiment is still muted and bearish, |
| 0:55.7 | which is exactly how past cycle turning points have looked. |
| 0:59.3 | Leas cited progress on the Clarity Act as a key driver |
| 1:01.9 | with prediction markets now giving the bill better than 60% odds of passing this year. |
| 1:07.6 | All right, get all of your updates on coindex.com. |
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