GameStop Transfers All 4,710 BTC to Coinbase Prime, Sparking Sell Speculation

KuCoinFlash

Release Time: 01/24/2026 06:30:46

BTC

$70,410.60-0.34%

Summary

GameStop transferred all 4,710 BTC to Coinbase Prime on January 24, 2026, valued at $422 million. The transaction has sparked speculation about a potential sell-off that could be driven by BTC's price. The coins were purchased in May 2025 at a price of $107,900 each. A potential sale could result in a $76 million paper loss. BTC's dominance remains unaffected, as GameStop has not commented on its future plans.

BlockBeats news: On January 24, GameStop transferred all 4,710 bitcoins it held to Coinbase Prime, sparking market speculation about the potential sale of its bitcoin assets. The current value of this bitcoin amount is approximately $422 million.

"This transfer 'likely indicates preparation for a sale.' If sold entirely at a Bitcoin price of approximately $90,800, GameStop may record a book loss of about $76 million. Previously, GameStop had purchased these Bitcoins in batches this May at an average price of $107,900."

As of now, GameStop has not made a public response regarding whether it will sell Bitcoin.

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