⚠️ Is GameStop selling all its Bitcoin reserves?!
GameStop has transferred its entire balance of 4,710 BTC to Coinbase Prime, a platform often used for institutional sales 👀
📊 Deal details:
• The coins were purchased in May of last year
• Total cost: $504.4 million
• Average purchase price: 107,900$ per Bitcoin
📉 Current situation:
• At Bitcoin's all-time high, the holding reached $590 million
• Current price: $89,800$
• If sold now → unrealized losses exceed $81 million
🏆 Important information:
At its peak, GameStop was among the top 25 Bitcoin holders globally.
The market is watching…
Is it risk management or a complete exit? 👀📉
