GameStop
eBay rejects GameStop's $56B bid
eBay's board rejected GameStop's $56 billion takeover bid, calling it "neither credible nor attractive." Now questions are growing over whether CEO Ryan Cohen will sell the company's $368 million bitcoin position to make the deal look more credible. CoinDesk's Sam Ewen hosts "CoinDesk Daily."
EBay rejects GameStop’s $56 billion bid, putting bitcoin exposure back in focus
The online marketplace's board called the half-cash, half-stock offer "neither credible nor attractive" Tuesday.
GameStop's $55B eBay bid could liquidate its bitcoin
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."
GameStop's $55.5 billion eBay takeover bid puts its $368 million bitcoin stash in the crosshairs
The video game retailer’s proposed acquisition plan revives question on whether its $368 million bitcoin stash could be sold to fund the expansion.
$171M pulled from bitcoin ETFs: is institutional demand cooling?
U.S. spot bitcoin ETFs recorded $171 million in outflows on Thursday, the biggest single-day withdrawal since early March. Is this a sign that institutional demand is cooling amid ongoing macro pressure? CoinDesk's Jennifer Sanasie reports on CoinDesk Daily.
GameStop's Ryan Cohen appears to be moving on from bitcoin, eyes 'consumer megadeal'
GameStop's shares have surged as Cohen teased a "transformational" consumer-related deal he said is "way more compelling than bitcoin."
GameStop's $420 million bitcoin move sparks speculation of selling
While blockchain data confirms the movement to Coinbase Prime, the transfer could also mean internal asset management or custody.
GameStop Posted $9.4M Loss on Bitcoin Holdings in Q3
The firm has not announced any new bitcoin purchases since May, when it bought 4,710 BTC.
GameStop Has Another $2.7B in Bitcoin Buying Power After $450M Greenshoe Exercise
The underwriters exercised their option to buy another $450 million of GME's $2.25 billion mid-June convertible debt offering.
GameStop Raising Another $1.75B for Potential Bitcoin Purchases
The company made its initial acquisitions of bitcoin in May, buying 4,710 coins for about $500 million.
