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." What to know : GameStop CEO Ryan Cohen said he's planning a "very, very, very big" acquisition of a publicly traded consumer firm that he described as transformational. He called the new plan "way more compelling than bitcoin" and did not rule out liquidating the firm's bitcoin holdings to free up cash for the acquisition. The company recently moved its entire 4,710 BTC stash to Coinbase Prime, sparking speculation of selling the assets.(Coindesk)