Overview
- CryptoQuant flagged the full transfer of GameStop’s Bitcoin treasury to Coinbase Prime, and Arkham Intelligence confirmed the on-chain flows.
- At recent prices near $89,000 per bitcoin, a full sale would likely realize roughly $76 million in losses versus the company’s reported $504 million outlay.
- GameStop accumulated the 4,710 BTC in May 2025 at an average price of about $107,900 per coin.
- The shift occurred in stages between January 17 and 24, including an earlier tranche of roughly 2,396 BTC before the remaining balance moved.
- Coinbase Prime also provides institutional custody, leaving intent uncertain, and GameStop has not said whether it sold or plans to sell; CEO Ryan Cohen recently bought 500,000 GME shares worth over $10 million.