GameStop has transferred all 4,710 of its Bitcoin (worth approximately $420 million) to Coinbase Prime, sparking speculation about its possible exit from the Bitcoin strategy. If sold at current prices, the company is expected to incur a loss of $75 million to $85 million, with an average purchase price of about $107,900 per Bitcoin. This move comes at a time when digital asset prices are falling and corporate cryptocurrency treasury strategies are under pressure, but GameStop has not confirmed any sale activities.
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GameStop has transferred all 4,710 of its Bitcoin (worth approximately $420 million) to Coinbase Prime, sparking speculation about its possible exit from the Bitcoin strategy. If sold at current prices, the company is expected to incur a loss of $75 million to $85 million, with an average purchase price of about $107,900 per Bitcoin. This move comes at a time when digital asset prices are falling and corporate cryptocurrency treasury strategies are under pressure, but GameStop has not confirmed any sale activities.