GameStop jumps 5% on Jan. 30 as CEO Ryan Cohen targets $100B valuation

On January 30, 2026, GameStop rose 5% after CEO Ryan Cohen said the company is pursuing a much larger public consumer acquisition he described as transformational. His equity award vests only if valuation reaches $100 billion and total EBITDA hits $10 billion. GameStop holds over $9 billion in cash and marketable securities, some in bitcoin.