GameStop appears to be moving away from Bitcoin and exploring another Hail Mary to bolster its valuation rapidly. GameStop is plotting a “very, very, very big” acquisition, CEO Ryan Cohen told CNBC on Jan. 30, adding that it could send the company’s valuation to “several hundreds of billions of dollars.” Cohen declined to identify the target of the acquisition, according to CNBC, but said GameStop is seeking a “high quality, durable, scalable with growth prospects” public consumer company with a
GameStop Teases Acquisition ‘Way More Compelling Than Bitcoin’ As Questions About Its BTC Stash Linger
February 9, 2026
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