Company #gamestop has transferred its entire balance of 4,710 $BTC to the Coinbase Prime platform, which is often used by institutions for restructuring or potential sale purposes.
🔹 Bitcoin was purchased last May for $504.4 million
🔹 Average purchase price: $107.9K
🔹 The value peaked at $590M with the Bitcoin peak
🔹 At the current price of $89.8K, any sale would mean unrealized losses exceeding $81M
The transfer does not necessarily mean a sale, but it highlights an important distinction:
Bitcoin as a treasury asset ≠ assets built for liquidity and capital efficiency