GameStop transferred all 4,710 BTC, worth approximately $420 million, to Coinbase Prime, igniting rumors that it might sell its Bitcoin holdings. The company could incur a loss of $75 million to $85 million if it sells near current prices, as the Bitcoin was bought at an average price of around $107,900 per coin. This transfer occurs while corporate crypto treasury strategies face increasing pressure amid falling crypto prices, raising questions about GameStop's commitment to cryptocurrency.

#BTC