๐จ GameStop just moved $420M worth of Bitcoin to Coinbase Prime โ and the crypto world is buzzing ๐
The company transferred its entire 4,710 BTC stash, sparking speculation that it may be preparing to exit its Bitcoin treasury strategy. If sold near current prices, GameStop could lock in a $75Mโ$85M loss ๐ธ๐
While transfers to Coinbase Prime donโt always mean an immediate sale, the timing raises eyebrows โณ โ especially as corporate crypto treasuries face pressure amid falling prices. Adding intrigue, CEO Ryan Cohen scooped up $10M+ in GME shares, pushing the stock higher despite the uncertainty ๐
Is this a strategic resetโฆ or the start of a broader corporate Bitcoin unwind? ๐ค๐ฅ