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GameStop has transferred its total Bitcoin holdings to Coinbase Prime, suggesting a possible plan to promote all of them, in keeping with CryptoQuant knowledge, because the change usually serves as a staging floor for giant gross sales.
Despite the fact that the corporate is but to verify a sale, analysts have been fast to explain the timing as according to a possible exit from its BTC place.
On January 17, GameStop moved 100 BTC, value round $9.5 million, and an extra 2,296 BTC on January 20, accounting for 51% of its whole BTC treasury, with 4,710 BTC acquired between Could 14 and Could 23, 2025, spending about $504 million at a mean worth of $107,900 per coin.
GameStop throws within the towel?
Their on-chain wallets simply moved all BTC holdings to Coinbase Prime, prone to promote.
Between Could 14–23, 2025, they purchased 4,710 BTC at an avg. worth of $107.9K, investing ~$504M.
Now promoting for round $90.8K, doubtlessly realising roughly… pic.twitter.com/Bp7MwRVQ43
— CryptoQuant.com (@cryptoquant_com) January 23, 2026
The BTC hoard remained untouched for months earlier than the abrupt outflow in January 2026, suggesting the transfer was deliberate slightly than routine.
With the corporate promoting BTC close to $90,800, it will lock in roughly $76 million in losses primarily based on the distinction between the common buy worth and present market pricing.
GameStop Sale Hypothesis Amid Warning In The Market
Hypothesis of an incoming sale by GameStop comes as Bitcoin struggles to regain bullish momentum, buying and selling at $89,534 as of 1:39 a.m. EST, amid indicators pointing to rising sell-side exercise.
Information from Coinglass reveals that centralized exchanges proceed to face a sustained BTC outflow, with 208.95 BTC leaving exchanges within the final 24 hours.
In the meantime, US Spot BTC exchange-traded funds (ETFs) recorded internet outflows of $103.5 million over the past 24 hours, marking the fifth consecutive day of outflows this week.
The weaker demand comes amid per week of macro uncertainty tied to President Donald Trump’s renewed tariff threats, as traders turned to safe-haven property like gold and silver, each of which have hit new all-time highs.
In the meantime, GameStop’s inventory moved in a distinct route with the sale, with the corporate’s shares buying and selling at round $23.28 after a 1.26% bounce within the final 24 hours.
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