CEO of GameStop Ryan Cohen says the company is shifting its strategic focus away from Bitcoin to concentrate on a “transformational deal” in the consumer/retail sector. According to interviews in late January and early February 2026, Cohen considers this opportunity “much more attractive than Bitcoin.”
The plan revolves around using approximately $9 billion in cash to acquire a publicly traded consumer business, thereby reshaping GameStop into a $100 billion conglomerate with ambitions similar to Berkshire Hathaway. Although specific targets have not been disclosed, Cohen emphasized that this is a “very significant” opportunity, focusing on undervalued companies with room to improve operational efficiency.
The strategy has received support from Michael Burry, who has taken a long position in GameStop. Meanwhile, GameStop has transferred all 4,710 BTC to Coinbase Prime, sparking speculation about a potential sale. Cohen has not confirmed any Bitcoin liquidation but stated that current capital priorities are focused on the large-scale consumer deal.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Institutional Capital Inflows Drive Bitcoin ETF Six Consecutive Days of Net Inflows, BTC Price Rises Over 12% During Period
On March 17, US Bitcoin ETFs achieved net inflows for six consecutive days, with total capital reaching $962.8 million, and Bitcoin price rose more than 12%. Analysts believe that geopolitical tensions and Bitcoin's safe-haven attributes have driven institutional demand, with the market maintaining attention on its future trajectory.
GateNews14m ago
Robert Kiyosaki Warns of Global Market Crash, Bitcoin Could Soar to $750,000
"Rich Dad Poor Dad" author Robert Kiyosaki has issued another warning that global markets could crash, predicting that Bitcoin and hard assets will surge significantly. He forecasts Bitcoin could reach $750,000, emphasizing the importance of holding cash and diversifying investments to navigate market volatility.
GateNews15m ago
Macro Analysts Warn of Private Credit Crisis, Bitcoin May Become Top Safe-Haven Choice
As artificial intelligence intensifies its impact on software revenue, the private credit market faces mounting pressure with default rates climbing to 5.8%. Analysts warn that additional monetary expansion may be necessary, while Bitcoin has emerged as a hedging tool for investors, with its appeal growing amid uncertainty. The market needs to monitor developments in private credit dynamics and the impact of policy adjustments on Bitcoin's price.
GateNews17m ago
Bitcoin Surpasses $75,000: Short Liquidations Exceed $330 Million, Continuous ETF Inflows Drive Market Rally
Bitcoin's price broke through $75,000 on March 17, hitting a six-week high, accompanied by large-scale short position liquidations. Crypto market liquidations in the past 24 hours approached $498 million, with mainstream altcoins also performing strongly. Spot Bitcoin ETFs have attracted significant institutional capital inflows, boosting market confidence. Technical analysis shows Bitcoin has further upside potential, with resistance at $79,000 and support at $72,000.
GateNews24m ago
France Cryptocurrency Kidnapping Case Escalates: Teenager Involved in Bomb Threats, Helicopter Deployment Shocks Paris Suburbs
A violent incident involving a cryptocurrency holder occurred in the Île-de-France region of France, with police deploying massive forces to pursue underage suspects. The case involves two attacks—one cryptocurrency holder was robbed at knifepoint during a home invasion, and another incident involved the kidnapping of a family and theft of valuables. In recent years, such crimes have been rising in France, particularly targeting high-net-worth cryptocurrency asset holders.
GateNews25m ago
