GameStop Moves Entire 4,710 B $BTC Treasury to Coinbase Prime Amid Bitcoin Downtrend
GameStop has transferred its full Bitcoin holdings 4,710 B $BTC, currently valued at around $358 millionto Coinbase Prime, an institutional-grade crypto trading platform.
The retailer purchased this stash in May 2025 for approximately $504 million, at an average price of $107,900 per $BTC . With Bitcoin now trading around $76,076, GameStop faces unrealized losses exceeding $146 million if it were to liquidate today.
CEO Ryan Cohen recently stated that potential acquisitions are "way more compelling than Bitcoin," fueling speculation that the company may pivot away from crypto to fund M&A activity.
On-chain data from CryptoQuant observed the transfer in late January, though no sales have been confirmed. Market watchers are closely tracking corporate BTC treasuries for signs of forced selling amid Bitcoin's decline from its all-time highs.
For investors and crypto enthusiasts, platforms like #BingX provide real-time tracking of on-chain movements and market activity essential tools for monitoring potential impacts on Bitcoin and broader crypto markets.
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