GameStop has moved all its BTC holdings to Coinbase Prime, possibly in preparation for a sale.

CryptoQuant reported on the X platform that GameStop's on-chain wallet has transferred all its BTC holdings to Coinbase Prime today, most likely for sale. Between May 14th and 23rd, 2025, they purchased 4,710 BTC at an average price of approximately $107,900, for a total investment of approximately $504 million. Selling at the current price of approximately $90,800 could result in a loss of approximately $76 million.