Search results for Michael Burry
Crypto
EBay rejects $56 billion GameStop bid, spotlight returns to bitcoin strategy
EBay rejected GameStop’s $56 billion takeover proposal, bringing renewed market attention to GameStop’s bitcoin exposure. The EBay board declined a $125-per-share offer split evenly between cash and stock, citing doubts about credibility and financing. EBay shares traded well below the offer price. GameStop holds about $368 million in bitcoin exposure via a covered call strategy and moved most of 4,709 BTC to Coinbase Prime, recorded as receivables.
AI & Enterprise
GameStop considers bid for eBay, WSJ reports
Video game retailer GameStop is considering making a proposal to acquire e-commerce platform eBay as early as May, the Wall Street Journal reported. GameStop CEO Ryan Cohen previously said the company was seeking retail acquisition targets to expand beyond offline game sales, a direction backed by major shareholders including Michael Burry. After the report, GameStop shares rose 6 percent and eBay shares gained 13 percent in after-hours trading.
Crypto
Bitcoin safe-haven myth wavers as AI era sparks crypto evolution
Bitcoin’s safe-haven narrative is weakening despite its reputation as “digital gold,” as it has fallen more than 20 percent in 2026 even with a weaker dollar. Goldman Sachs has described it as a risk asset more volatile than gold, and other experts say it is still treated as high-risk. Michael Burry warned corporate bitcoin holdings could become a risk. Analysts see the next phase in AI-linked cryptocurrencies and instant crypto payment systems.
