GameStop Transfers Bitcoin Holdings to Coinbase Prime Amid Potential Losses

On January 24, GameStop transferred 4,710 BTC worth about $420 million to Coinbase Prime, potentially preparing for a sale. With Bitcoin’s current price at $89,311, this move could result in a loss of $84 million, as the company bought the BTC in May at an average price of $107,900 per coin.

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