GameStop has moved its entire treasury into bitcoin, amounting to 4,710 BTC valued at over $422 million, to Coinbase Prime. This massive transfer, spotted by CryptoQuant, could signal an imminent sale. For a company that has become a symbol of retail finance since the Reddit saga, this strategic shift is surprising. Indeed, GameStop had previously maintained a clear position on bitcoin, inherited from its dealings with Michael Saylor. Should this be seen as a discreet disavowal of the crypto bet?
The article CryptoQuant suspects GameStop of wanting to liquidate all of its Bitcoin reserves first appeared on Cointribune.
