GameStop May Sell $362M Bitcoin Stake to Fund "Transformative" Acquisition, CEO Hints

GameStop (GME) is signaling a potential exit from its $362.4 million Bitcoin position to finance a “transformative” acquisition, CEO Ryan Cohen said in a February 2, 2026 CNBC interview. While declining to confirm a sale, Cohen called the planned deal “way more compelling than Bitcoin” and described it as unprecedented in capital markets history. The company holds approximately 4,710 BTC, transferred to Coinbase Prime in January 2026, though no sale has occurred yet. GameStop’s shares rose 8.25% to $25.85 following Cohen’s remarks. The firm had only adopted Bitcoin as a treasury reserve asset in March 2025. Analysts note that with BTC prices near institutional entry levels from 2025, reallocating capital toward strategic acquisitions could be prudent, though a GME selloff risks exacerbating broader market volatility.