GameStop has transferred its entire Bitcoin stash to Coinbase Prime, triggering fresh speculation that the video game retailer may be preparing to unwind its short-lived Bitcoin treasury strategy.
Key Takeaways:
GameStop moved its entire 4,710 BTC stash to Coinbase Prime, sparking speculation of a potential exit from its Bitcoin treasury.
If sold near current prices, the company would realize an estimated $75M–$85M loss on its Bitcoin holdings.
The transfer comes as corporate crypto treasury strategies face pressure amid falling digital **** et prices.
https://finance.yahoo.com/...
Key Takeaways:
GameStop moved its entire 4,710 BTC stash to Coinbase Prime, sparking speculation of a potential exit from its Bitcoin treasury.
If sold near current prices, the company would realize an estimated $75M–$85M loss on its Bitcoin holdings.
The transfer comes as corporate crypto treasury strategies face pressure amid falling digital **** et prices.
https://finance.yahoo.com/...
19 days ago