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GameStop's $55B eBay Bid Could Liquidate Its Bitcoin | CoinDesk Daily

CoinDesk Podcast Network

CoinDesk

News, Business News, Tech News, Daily News

4.7698 Ratings

🗓️ 5 May 2026

⏱️ 1 minutes

🧾️ Download transcript

Summary

GameStop's eBay bid. GameStop submitted an unsolicited $55.5 billion offer to buy eBay, and CEO Ryan Cohen hasn't ruled out selling the company's $368 million bitcoin treasury to fund it. If the deal closes, eBay's 135 million active buyers would be inside a company that holds bitcoin. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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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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