GameStop CEO Ryan Cohen has announced plans for a significant acquisition in the consumer sector, potentially involving the sale of the company's bitcoin holdings. In a recent CNBC interview, Cohen revealed intentions to acquire a large publicly traded consumer company, aiming to elevate GameStop's valuation into the hundreds of billions. This strategic shift has driven GameStop's stock up by over 8% on Monday, recovering much of its previous losses. Cohen's plan may signal the end of GameStop's involvement with bitcoin, as blockchain data indicates the company has moved its bitcoin holdings, now valued at $368 million, to Coinbase Prime. While Cohen did not confirm whether these assets would be sold to fund the acquisition, he emphasized that the new strategy is more compelling than bitcoin.