{"id":180245,"date":"2026-05-05T18:49:00","date_gmt":"2026-05-05T18:49:00","guid":{"rendered":"https:\/\/cryptonews.com\/fr\/news\/gamestop-lorgne-le-rachat-debay-pour-555-milliards-usd-sa-tresorerie-bitcoin-de-368-millions-usd-est-elle-en-danger\/"},"modified":"2026-05-05T14:49:20","modified_gmt":"2026-05-05T14:49:20","slug":"gamestop-lorgne-le-rachat-debay-pour-555-milliards-usd","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/fr\/news\/gamestop-lorgne-le-rachat-debay-pour-555-milliards-usd\/","title":{"rendered":"GameStop lorgne le rachat d&#8217;eBay pour 55,5 milliards USD : sa tr\u00e9sorerie Bitcoin de 368 millions USD est-elle en danger ?"},"content":{"rendered":"<p>GameStop a soumis dimanche une offre non contraignante de 55,5 milliards USD pour acqu\u00e9rir eBay au prix de 125 USD par action, proposant de financer l&#8217;op\u00e9ration avec 9,4 milliards USD en liquidit\u00e9s et investissements liquides, compl\u00e9t\u00e9s par un financement allant jusqu&#8217;\u00e0 20 milliards USD soutenu par TD Securities.<\/p><p>Cette offre repr\u00e9sente une prime de 46 % par rapport au cours de l&#8217;action eBay du d\u00e9but du mois de f\u00e9vrier, moment o\u00f9 GameStop a commenc\u00e9 \u00e0 accumuler discr\u00e8tement une participation \u00e9conomique de 5 % via des <a href=\"https:\/\/cryptonews.com\" target=\"_blank\" rel=\"noreferrer noopener\">actions<\/a> et des produits d\u00e9riv\u00e9s.<\/p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">GameStop CEO says he&#39;s making an offer to buy eBay for $56B<\/p>\n<p>\u201cThere is nobody who is more qualified, based on my experience, to run the eBay business&quot; <\/p>\n<p>He\u2019d be borrowing over $20B to help make the deal happen <\/p>\n<p>(via <a href=\"https:\/\/twitter.com\/WSJ?ref_src=twsrc%5Etfw\">@WSJ<\/a>) <a href=\"https:\/\/t.co\/20LtVo6vbe\">pic.twitter.com\/20LtVo6vbe<\/a><\/p>\n<p>&mdash; Culture Crave \ud83c\udf7f (@CultureCrave) <a href=\"https:\/\/twitter.com\/CultureCrave\/status\/2051091566626996451?ref_src=twsrc%5Etfw\">May 4, 2026<\/a><\/p><\/blockquote><p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p><p>D\u00e9sormais, le march\u00e9 crypto se pose une seule question : qu&#8217;adviendra-t-il de la tr\u00e9sorerie en Bitcoin de 368 millions USD inscrite au bilan de GameStop ?<\/p><p>Le PDG Ryan Cohen a qualifi\u00e9 le plan d&#8217;acquisition de \u00ab bien plus convaincant que le bitcoin \u00bb et a laiss\u00e9 la porte ouverte \u00e0 la vente des avoirs en BTC de la soci\u00e9t\u00e9 pour aider au financement de l&#8217;op\u00e9ration.<\/p><p>Cette d\u00e9claration a suffi \u00e0 transformer une curiosit\u00e9 d&#8217;entreprise en un \u00e9v\u00e9nement de march\u00e9 concret.<\/p><p>Le Bitcoin s&#8217;\u00e9changeant \u00e0 pr\u00e8s de 81 000 USD, la position de 4 709 BTC de GameStop repr\u00e9sente une valeur de liquidation significative, ainsi qu&#8217;une pression de vente notable si Cohen d\u00e9cidait de passer \u00e0 l&#8217;acte.<\/p><figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2026\/05\/05123410\/ryan-cohen-ceo-gamestop-inline.webp\" alt=\"Professional portrait of a man with short hair against a red and pink checkered background.\"><\/figure><h2 class=\"wp-block-heading\">GameStop doit-il liquider ses 368 millions USD en Bitcoin pour financer le rachat d&#8217;eBay ?<\/h2><p><span class=\"replacer\"><\/span><br>\nL&#8217;offre de fusion-acquisition de 55,5 milliards USD de GameStop d\u00e9passe largement son bilan actuel, m\u00eame en comptant les 9,4 milliards USD de tr\u00e9sorerie et un engagement de financement de 20 milliards USD ; l&#8217;\u00e9quation financi\u00e8re est serr\u00e9e.<\/p><p>Cohen a explicitement d\u00e9crit l&#8217;acquisition d&#8217;eBay comme un d\u00e9ploiement de capital prioritaire par rapport au bitcoin, et il a confirm\u00e9 que GameStop a la \u00ab capacit\u00e9 d&#8217;\u00e9mettre des <a href=\"https:\/\/www.tradingview.com\/symbols\/NYSE-GME\/\" target=\"_blank\" rel=\"noreferrer noopener\">actions<\/a> afin de mener l&#8217;op\u00e9ration \u00e0 bien \u00bb.<\/p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ryan Cohen of GameStop, <a href=\"https:\/\/twitter.com\/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GME<\/a>, was asked how the &quot;math math&#39;s&quot; for <a href=\"https:\/\/twitter.com\/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GME<\/a> to acquire eBay, <a href=\"https:\/\/twitter.com\/search?q=%24EBAY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$EBAY<\/a>. <a href=\"https:\/\/t.co\/EbEfDHSPIg\">pic.twitter.com\/EbEfDHSPIg<\/a><\/p>\n<p>&mdash; unusual_whales (@unusual_whales) <a href=\"https:\/\/twitter.com\/unusual_whales\/status\/2051365493114593463?ref_src=twsrc%5Etfw\">May 4, 2026<\/a><\/p><\/blockquote><p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p><p>Si l&#8217;\u00e9mission d&#8217;actions s&#8217;av\u00e8re insuffisante ou trop dilutive, la tr\u00e9sorerie Bitcoin de 368 millions USD devient un levier de financement \u00e9vident.<\/p><p>Aux prix actuels du BTC, la liquidation totale de la position ajouterait environ 368 millions USD de liquidit\u00e9s, un montant significatif mais insuffisant pour une transaction de 55,5 milliards USD.<\/p><p>L&#8217;impact sur l&#8217;offre sur les march\u00e9s du Bitcoin resterait limit\u00e9 s&#8217;il \u00e9tait isol\u00e9, mais le signal envoy\u00e9 serait lourd de cons\u00e9quences : une entreprise ayant adopt\u00e9 une strat\u00e9gie de r\u00e9serve de tr\u00e9sorerie en Bitcoin il y a moins de 18 mois et abandonnant sa position sous la pression d&#8217;une acquisition ne constituerait pas un narratif institutionnel haussier.<\/p><p>GameStop a transf\u00e9r\u00e9 4 709 BTC vers Coinbase Prime dans le cadre d&#8217;une strat\u00e9gie d&#8217;options d&#8217;achat couvertes (covered calls), g\u00e9n\u00e9rant des revenus tout en conservant son exposition.<\/p><p>Ce n&#8217;est pas le comportement d&#8217;une entreprise qui pr\u00e9voit de se d\u00e9faire brutalement de ses actifs.<\/p><p>Si l&#8217;op\u00e9ration eBay aboutit et que l&#8217;entit\u00e9 combin\u00e9e conserve sa position en BTC, l&#8217;ensemble GameStop-eBay contr\u00f4lerait une tr\u00e9sorerie Bitcoin op\u00e9rant aux c\u00f4t\u00e9s de 135 millions d&#8217;acheteurs actifs sur 190 march\u00e9s, avec pr\u00e8s de 80 milliards USD de volume d&#8217;affaires annuel brut.<\/p><p>Les analystes soulignent que ce sc\u00e9nario \u00ab pourrait ouvrir la porte \u00e0 l&#8217;int\u00e9gration des paiements en BTC \u00bb \u00e0 une \u00e9chelle consid\u00e9rable.<\/p><p style=\"text-align: center;\"><a href=\"https:\/\/cryptonews.com\/fr\/cryptomonnaie\/meilleures-preventes-crypto\/\" target=\"_blank\" rel=\"noreferrer noopener sponsored nofollow\"><strong>D\u00e9couvrir : Les meilleures pr\u00e9ventes de jetons<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Offre de rachat d&#8217;eBay par GameStop pour 55,5 milliards USD : qu&#8217;adviendra-t-il de ses bitcoins ?<\/p>\n","protected":false},"author":605,"featured_media":180244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"editors":[],"sponsored_companies":[],"class_list":["post-180245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GameStop lorgne le rachat d&#039;eBay pour 55,5 milliards 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