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The giant's collapse: GameStop bids farewell to Bitcoin with millions in losses
It seems that GameStop's journey in the crypto market has reached its final stop. The company's official wallet emptied its entire Bitcoin holdings in favor of the Coinbase platform, a clear sign of liquidation.
The story in numbers:
• Purchase at the peak: The company acquired 4,710 BTC at an average price of $107.9K per coin.
• Sale at the bottom: The current price is around $90.8K, indicating a significant loss.
• Heavy toll: The realized losses from this move are estimated at approximately $76 million.
This sudden move raises a fundamental question: Has the company lost faith in the future of the strongest digital currency, or is this just a risk reallocation?