eBay Urged to Reject GameStop Bid, Adopt Bitcoin for $1.2B Annual Savings

Latest analysis advises eBay to ignore GameStop's $55.5 billion takeover bid and integrate Bitcoin payments via Lightning Network to save $1.2 billion yearly in transaction fees on $80 billion GMV. GameStop announced the non-binding $125/share (50/50 cash-stock) offer on May 4, backed by $9.4 billion cash/liquids—including $368 million in 4,709 BTC—and a $20 billion TD Securities financing letter, prompting speculation on BTC liquidation risks or payments integration for eBay's 135 million buyers. CEO Ryan Cohen called the deal 'way more compelling than bitcoin,' shifting focus from adoption upside to treasury sale pressures before the pro-BTC counterargument emerged.