Editor's PiCK
"GameStop Transfers Entire Bitcoin Holdings to Coinbase…Likely to Sell"
Uk Jin
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Summary
- GameStop transferred all of its Bitcoin holdings to Coinbase Prime, fueling expectations it may sell.
- CryptoQuant said the Bitcoin moved from GameStop’s on-chain wallet has a "high likelihood" of being sold.
- GameStop said it bought a total of 4,710 Bitcoin in May last year at an average purchase price of $107,900.
U.S. video game retailer GameStop is expected to sell its Bitcoin (BTC).
On the 23rd (Korea time), CryptoQuant said in a report that "all Bitcoin held in GameStop’s on-chain wallet has moved to Coinbase Prime," adding that "the likelihood of a sale is high."
Previously, in May last year, GameStop announced it would invest in Bitcoin and purchased a total of 4,710 Bitcoin at an average purchase price of $107,900.
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