GameStop CEO Ryan Cohen stated that the company is planning a high-risk, high-impact acquisition of a "very, very large" publicly traded consumer company, which could signify GameStop's gradual exit from Bitcoin holdings. In an interview with CNBC, Cohen described the acquisition as "transformative," potentially boosting GameStop's valuation to hundreds of billions of dollars and having a profound impact on capital markets. He stated that the potential target should have an undervalued share price, solid fundamentals, and a "lacking ambitious management team," and plans to leverage GameStop's capital, governance, and operational capabilities to improve its efficiency. Reports indicate that on-chain data last week showed GameStop transferred all 4,710 Bitcoins it held to Coinbase Prime, sparking speculation that it might be selling Bitcoin to finance the acquisition. Cohen did not directly address whether he would liquidate his Bitcoin holdings, only stating that the new strategy is "more attractive than Bitcoin." The news drove GME's stock price up over 8% on Monday, bringing its year-to-date gain to approximately 25%. (CoinDesk)