GameStop CEO: "Plan to acquire a large listed consumer-goods company… more compelling than Bitcoin (BTC)"

U.S. video game retailer GameStop is reportedly reviewing a potential acquisition of a large publicly listed consumer-goods company. Comments from its chief executive officer (CEO) suggest the company has a plan tied to its future growth strategy that he views as more compelling than Bitcoin (BTC).

According to crypto-focused media outlet CoinDesk on the 2nd (local time), GameStop CEO Ryan Cohen said in a recent interview, "We are planning to acquire a very large publicly listed consumer-goods company," adding that "this strategy could transform the company in a groundbreaking way."

He went on to say, "If this plan is executed, the company’s valuation could grow to the hundreds of billions of dollars," but did not mention the target or a specific timeline. GameStop is known to have been exploring a range of possibilities recently regarding a new business model and ways to deploy its capital.

The market is also watching the possibility that GameStop could use its Bitcoin holdings to finance the acquisition. Asked whether it would monetize its Bitcoin, Cohen replied, "It’s not time to say yet."

However, he said, "The new strategy we’re preparing is far more compelling than Bitcoin," signaling a business expansion in a direction different from expectations centered on crypto investment. GameStop has not yet officially provided additional details on the acquisition target or its funding approach.