Michael Burry Is 'Out' If GameStop Buys 'Any Version' of Bed Bath & Beyond

Erica KollmannSat, February 28, 2026 at 6:01 PM UTC

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Michael Burry took to social media on Tuesday to lay out a caveat on his GameStop Corp. (NYSE:GME) holdings—if CEO Ryan Cohen decides to buy any portion of struggling retailer Bed Bath & Beyond (NYSE:BBBY), Burry would sell his shares.

Burry was short and to the point when expressing his view:

"If Ryan has GME buy any version of BBBY, I am out," he said on X.

If Ryan has $GME buy any version of BBBY, I am out.

— Cassandra Unchained (@michaeljburry) February 24, 2026

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Hours later, Bed Bath & Beyond CEO Marcus Lemonis responded to Burry's jab.

"Good news @michaeljburry We wouldn't do it. I do however have a significant amount of respect for you and your perspective," Lemonis said in a post on X.

Good news @michaeljburry We wouldn't do it. I do however have a significant amount of respect for you and your perspective. https://t.co/bVqvqn8qBn

— Marcus Lemonis (@marcuslemonis) February 24, 2026

GameStop's Next Move?

In January, Burry disclosed that he was accumulating GameStop shares and likened Cohen’s strategy to Warren Buffett‘s early Berkshire Hathaway playbook.

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Cohen also scooped up one million shares in January at roughly $21 apiece, lifting his holdings to about 42.1 million shares, or roughly 9.3% of the company.

Then, in a late January interview, Cohen told The Wall Street Journal he wants to turn GameStop into a $100 billion-plus conglomerate via a “big” acquisition of a public consumer or retail company. He warned the bet could prove “genius or totally, totally foolish.”

Photo: Stefano Chiacchiarini ’74 / Shutterstock

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