Is GameStop Dumping Its Bitcoin Treasury? Here’s How Much BTC They Have Moved to Coinbase Prime

Key Takeaways

• GameStop transferred 2,396 BTC full to Coinbase Prime successful January 2026.

• The moves see 100 BTC connected Jan 17 and 2,296 BTC connected Jan 20.

• This represents astir 51% of their archetypal 4,710 BTC Bitcoin holdings.

GameStop, the brick-and-mortar video crippled retailer that became a meme-stock phenomenon, is reportedly moving to merchantability its Bitcoin holdings.

The institution added Bitcoin to its firm treasury successful mid-2025, a determination that helped propel its banal to caller highs astatine the time.

Recent on-chain enactment has sparked speculation implicit whether GameStop is “dumping” its Bitcoin holdings.

This follows respective ample transfers by the video crippled retailer to Coinbase Prime, an organization brokerage platform.

On Jan. 18, GameStop transferred 100 BTC, worthy astir $9.5 cardinal astatine the time, from wallets linked to Coinbase Custody to Coinbase Prime.

On-chain expert Sani archetypal flagged the transaction connected Jan. 18 successful a station connected X, sharing a screenshot of the transfer.

Two days later, connected Jan. 20, the aforesaid wallet moved an further 2,296 BTC to Coinbase Prime.

Transfers from acold retention to brokerage wallets are often interpreted arsenic a awesome of imaginable selling alternatively than semipermanent holding.

As of the extremity of Q3 2025, GameStop’s Bitcoin holdings were valued astatine $519.4 million.

Independent trackers specified arsenic bitcointreasuries.net and The Block confirmed holdings of 4,710 BTC done aboriginal January 2026, though immoderate platforms whitethorn not yet bespeak the latest movements.

GameStop archetypal disclosed its Bitcoin treasury strategy successful May 2025, purchasing 4,710 BTC betwixt May 14 and May 23, 2025.

That determination made the institution the 22nd-largest nationalist firm holder of Bitcoin astatine the time, with an mean acquisition terms of astir $106,000 per BTC based connected marketplace prices during the acquisition window.

GameStop entered the Bitcoin treasury contention comparatively late, but the determination drew attraction fixed its relation astatine the halfway of the past cycle’s meme-stock frenzy and historical abbreviated squeeze.

Since then, Bitcoin’s terms has struggled to regain beardown momentum, particularly compared with rallies seen successful assets similar golden and, astatine times, Ethereum.

Amid rising volatility and renewed bear-market predictions, immoderate speculate that GameStop could go 1 of the archetypal nationalist companies to unwind its Bitcoin position.

So far, however, the institution has made nary authoritative announcement suggesting a sale.

Transfers to Coinbase Prime could besides bespeak regular treasury management, specified arsenic rebalancing holdings, posting collateral, oregon preparing for Bitcoin-linked fiscal strategies.