GameStop appears to have moved its entire Bitcoin position to Coinbase Prime, a venue typically used for institutional-scale trades. CryptoQuant flagged the transfers this week, while the company has not issued an official statement.

Position details and potential loss

In 05.2025, GameStop purchased 4 710 BTC for about $504 million, implying an average entry near $107 900 per coin. At that time, the holding reportedly made the retailer the 22nd largest corporate Bitcoin owner.

With Bitcoin trading around $88 500, the same 4 710 BTC would be valued near $416 million. A sale at that level would crystallize an estimated loss of roughly $88 million.

Transfers to Coinbase Prime

According to CryptoQuant, the coins were sent in several batches, and the associated wallet balance is now zero.

• 100 BTC on 17.01.2026
• 2 296 BTC on 20.01.2026
• the remaining amount on 24.01.2026

Bits.media noted that Coinbase Prime is commonly used to execute large transactions, but the on-chain transfers alone do not confirm the exact timing or price of any sale.