GME News: GameStop's $420 Million Bitcoin (BTC) Move Sparks Speculation of Selling

GME news: GameStop's $420 million bitcoin (BTC) move sparks speculation of selling

While blockchain data confirms the movement to Coinbase Prime, the transfer could also mean internal asset management or custody.

GameStop Moves Entire Bitcoin Treasury to Coinbase, Raising Sale Concerns Bitcoin News ETHNews

A transfer involving GameStop’s full Bitcoin position has put the company’s crypto treasury under close scrutiny. The firm has moved all 4,710 BTC to Coinbase Prime, a platform typically associated with institutional execution and large-scale selling activity rather than long-term custody. The Bitcoin was acquired in May last year for $504.4 million, at an average purchase price of $107.9K per BTC. At the peak of Bitcoin’s rally, the position br…

GameStop Moves $422M Bitcoin Treasury to Coinbase Prime Sparking Sale Concerns

TLDR: GameStop transferred 4,710 BTC worth $422 million to Coinbase Prime institutional trading platform Friday. The retailer accumulated Bitcoin in May 2025 at $107,900 average price, now trading around $90,800 per coin. CryptoQuant detected the move and suggested it signals a sale that could realize approximately $76M in losses. CEO Ryan Cohen recently purchased $10M in GME shares while the Bitcoin treasury strategy faces scrutiny.   GameStop…

GameStop Transfers Full Bitcoin Stack, Analysts Flag Possible Exit

GameStop moved its entire Bitcoin stash into Coinbase Prime this month, according to blockchain trackers that monitor large transfers. The wallet associated with the company sent a large deposit to the institutional arm of Coinbase, a platform used by big traders and companies. Analysts watching on-chain flows immediately flagged the move as a likely setup for a sale, though no confirmed sell orders have been announced. Big Move To Coinbase Prim…

GameStop’s Bitcoin Shift Fuels Fears of BTC Sell-off

GameStop moved its entire 4,710 BTC treasury to Coinbase Prime, triggering speculation of a possible Bitcoin sell.

GameStop Transfers Entire Bitcoin Holdings to Coinbase Prime

GameStop has transferred its entire Bitcoin holdings to Coinbase Prime, according to Cointelegraph. The video game retailer moved 4,710 BTC worth approximately $422 million on Friday. Blockchain intelligence platform CryptoQuant detected the transfer and suggested the move was likely to sell the holdings.The company purchased these Bitcoin holdings in May 2025 at an average price of $107,900 per coin. With Bitcoin trading near $90,800, a complet…