According to CryptoQuant, GameStop appears to be abandoning its Bitcoin strategy by transferring all its BTC holdings to Coinbase Prime, likely in preparation for selling.
During the period from 14–23/5/2025, GameStop purchased 4,710 BTC at an average price of $107,900, with a total investment of approximately $504 million. At the current price around $90,800, the company may be incurring an estimated loss of about $76 million.#GoldAndSilverHitRecordHighs
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to CryptoQuant, GameStop appears to be abandoning its Bitcoin strategy by transferring all its BTC holdings to Coinbase Prime, likely in preparation for selling.
During the period from 14–23/5/2025, GameStop purchased 4,710 BTC at an average price of $107,900, with a total investment of approximately $504 million. At the current price around $90,800, the company may be incurring an estimated loss of about $76 million.#GoldAndSilverHitRecordHighs