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.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Market Update] Bitcoin slides to the $68,000 range… "Macro caution persists despite upbeat CPI"](https://media.bloomingbit.io/PROD/news/7c356c31-7d95-4f87-9e5b-bf3ebab9c6d6.webp?w=250)
![[Analysis] "XRP enters a pullback after failing to hold $1.62… focus on whether it can break above $1.51"](https://media.bloomingbit.io/PROD/news/43b35985-b585-4ba4-8af7-82ef19948262.webp?w=250)
![[Today’s key economic & crypto calendar] Japan’s preliminary Q4 GDP, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)