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Full article on Yahoo Finance
GameStop Teases Acquisition 'Way More Compelling Than Bitcoin' As Questions About Its BTC Stash Linger
Market Intelligence Analysis
AI-Powered
Why This Matters
GameStop is planning a major acquisition, potentially sending its valuation to hundreds of billions of dollars, as it moves away from its focus on Bitcoin.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
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
Original article published by
Yahoo Finance
on February 9, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.