GameStop has transferred all its BTC holdings to Coinbase Prime

BlockBeats News, January 23, CryptoQuant posted on X platform that GameStop's on-chain wallet has transferred all of its BTC holdings to Coinbase Prime today, likely for selling. During the period from May 14 to 23, 2025, they bought a total of 4,710 BTC at an average price of about $10.79 million, with a total investment of around $504 million. If sold at the current price of about $90,800, they may face a loss of around $76 million.