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Bitcoin Transfer from GameStop: Is a Sale Coming?

Haciyev Reşit — Sat, 24 Jan 2026 14:25:24 +0000

GameStop, a major Bitcoin holder among publicly traded companies, has made a notable move in the crypto market. The transfer of all its Bitcoin holdings to Coinbase Prime has sparked speculation about a possible selling wave. This on-chain transfer is being closely monitored for its potential impact on Bitcoin’s price and market sentiment.

GameStop Moves 4,710 BTC to Coinbase Prime

On-chain data shows that GameStop transferred all 4,710 BTC it held to Coinbase Prime, valued at approximately $421.5 million. Coinbase Prime is typically used for institutional investors and large-scale transactions, so the timing of this move has drawn market attention. While GameStop’s on-chain wallet is now empty, the company has not issued any official statement about selling.

GameStop originally purchased its Bitcoin in May 2025, spending around $504.4 million at an average price of $107,900 per BTC. Considering current prices hovering around $89,400–$89,500, a full sale could result in a potential loss of over $80 million. Some investors interpret this as a possible sign of capitulation after Bitcoin’s prolonged sideways price action.

One of the Largest Institutional Holders

After its Bitcoin purchase, GameStop was among the top 25 institutional Bitcoin holders globally. The move reflected CEO Ryan Cohen’s strategic push for corporate Bitcoin adoption, which followed his February meetings with Strategy CEO Michael Saylor. For months, GameStop held its BTC without any activity, but in January 2026, the company transferred all its holdings to Coinbase Prime, signaling a significant market move.

Even if GameStop were to sell all its BTC, the direct market impact may be limited, since 4,710 BTC is relatively small compared to daily Bitcoin trading volumes. The greater risk lies in market psychology—news of such a transfer can trigger sentiment-driven reactions.

Indeed, following the transfer, market sentiment weakened, coinciding with:

$103.6 million outflow from BlackRock Bitcoin ETF
$44.5 million outflow from BlackRock Ethereum ETF

This marked the fifth consecutive net outflow day for Bitcoin ETFs.

Current Market Overview

After the transfer, Bitcoin trades around $89,500, with a slight pullback, while total crypto market capitalization stands at approximately $1.79 trillion. Any statement from GameStop could influence the short-term market direction. Although transferring Bitcoin to Coinbase Prime does not confirm a sale, it raises questions about institutional Bitcoin strategies. In combination with ETF outflows and weakening market sentiment, such developments could put short-term pressure on Bitcoin prices.

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Corporate Bitcoin Acquisitions Hit All-Time High in Q2 2025

Emre Yumlu — Thu, 10 Jul 2025 14:00:36 +0000

The second quarter of 2025 has marked a historic milestone for corporate Bitcoin adoption. Companies around the world significantly increased their BTC holdings, accumulating a record-breaking 159,107 BTC in just three months — equivalent to approximately $17.6 billion at current market prices.

Total Corporate Bitcoin Holdings Exceed 847,000 BTC

According to data shared by Bitwise Asset Management, this surge represents a 23.13% increase compared to the previous quarter. As a result, public companies now hold over 847,000 BTC, accounting for nearly 4% of Bitcoin’s total capped supply of 21 million coins.

By the end of Q2, the total value of these corporate holdings had reached $91 billion, based on Bitcoin’s quarter-closing price of $107,754. Since then, Bitcoin has continued its rally, climbing above $112,000 to mark a new all-time high.

Number of Public BTC Companies Soars by Over 58%

The number of publicly listed companies holding Bitcoin grew significantly in Q2. A total of 46 new firms added BTC to their balance sheets, pushing the overall count to 125 companies — a 58.23% quarter-over-quarter increase.

Strategy Leads the Corporate BTC Pack

At the top of the list sits Strategy, the company helmed by prominent Bitcoin advocate Michael Saylor. With an impressive holding of 597,325 BTC, Strategy has aggressively acquired Bitcoin using capital raised through convertible debt and ATM equity offerings.

The company’s Bitcoin-driven strategy has also delivered strong returns for shareholders — Strategy’s stock is up 43% year-to-date, significantly outperforming the S&P 500, which recorded a modest 6.4% gain over the same period.

Other Heavyweights: MARA, Metaplanet, and GameStop

In second place is mining firm MARA Holdings, with 49,940 BTC on its books. The company’s shares have also risen more than 10% since the start of the year.

Several new players have entered the Bitcoin treasury space as well:

Twenty One launched operations after raising $685 million, deploying over $450 million into Bitcoin within weeks.
From Japan, Metaplanet made headlines by acquiring 13,350 BTC and dominating Tokyo’s trading volume, even surpassing giants like Toyota and Sony.
Gaming retailer GameStop completed its first-ever Bitcoin purchase, adding 4,710 BTC to its reserves.
Meanwhile, Trump Media filed plans to raise $2.5 billion in new capital to further boost its Bitcoin holdings.

London-Based BTC Strategy: London BTC Company

In the UK, London BTC Company — formerly known as Vinanz — raised £1.5 million ($2 million) by issuing 11.5 million new shares. With mining operations in both the U.S. and Canada, the firm plans to allocate this capital toward expanding its Bitcoin portfolio.

However, the company’s stock performance has struggled. Listed on the London Stock Exchange, shares have declined over 42% year-to-date, including a 7% drop in the past 24 hours.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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GameStop Shocks Markets With Bold Bitcoin Move

Yigit Taha OZTURK — Wed, 11 Jun 2025 07:00:43 +0000

Once known strictly as a gaming retailer, GameStop is now capturing headlines for a different reason: digital assets. As the gaming industry rapidly evolves toward streaming and downloads, legacy companies must pivot or fall behind. In an unexpected twist, GameStop has made a major play in the crypto space that could reshape its financial narrative.

In its Q1 2025 earnings report, the company revealed that it had acquired 4,710 Bitcoin between May 3 and June 10. The purchase is valued at approximately $516.6 million, signaling a bold shift in the company’s treasury strategy.

Bitcoin Becomes a Treasury Asset

As part of its digital transformation, GameStop has begun holding Bitcoin as a long-term reserve asset. Earlier this year, the company updated its investment policy, allowing cryptocurrency investments alongside traditional stocks.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

This aggressive move is part of a broader initiative to use surplus cash for higher-risk, high-return assets. By aligning with other institutions that view Bitcoin as a store of value, GameStop positions itself not just as a game retailer, but as a forward-looking tech-leaning enterprise.

ETF Launched To Track GameStop’s Crypto Strategy

To complement this bold step, Bitwise Asset Management introduced a new ETF: the Bitwise GME Option Income Strategy ETF (IGME). This financial product is built around the volatility and upside potential of GameStop stock, amplified by its Bitcoin holdings.

According to Jeff Park of Bitwise, the ETF reflects retail investor enthusiasm and provides exposure to both company performance and crypto growth. Meanwhile, despite positive EPS of $0.09 (beating expectations), the company reported lower-than-expected revenue at $732.4M, which led to a 4% drop in share price in after-hours trading.

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Metaplanet Shares Surge After $5.4B Bitcoin Purchase Plan

Yigit Taha OZTURK — Mon, 09 Jun 2025 08:00:17 +0000

Some market moves redefine investor sentiment overnight. Japanese investment giant Metaplanet has sparked global attention with its bold $5.4 billion goal: buying 210,000 Bitcoin by the end of 2027.

The market responded instantly, and so did the company’s share price.

Metaplanet Aims for 210,000 Bitcoin, Setting a Historic Target

In a June 6 announcement, Metaplanet revealed its updated Bitcoin acquisition strategy. The new target of 210,000 Bitcoin marks a tenfold increase from the previous 21,000 BTC goal. If achieved, Metaplanet would become the world’s second-largest public Bitcoin holder, just behind Strategy, led by Michael Saylor.

On June 9, the company’s stock rose over 22%, trading as high as 1,641 yen. In just five days, Metaplanet shares gained 24%.

The “555 Million Plan” Signals Aggressive Accumulation

The so-called “555 million” plan will see Metaplanet acquiring 201,112 more Bitcoin over the next three years. At current prices, this would cost over $21 billion. The firm’s interim goal is to reach 100,000 Bitcoin by 2026.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Metaplanet currently holds 8,888 Bitcoin, after buying an additional 1,088 on June 2. Since its first purchase in July 2024, the company’s stock has skyrocketed by 1,744%.

Institutional Bitcoin Buys Fuel Global Corporate Trend

More public companies are turning to Bitcoin reserves. South Korea’s K Wave Media, Paris-based Blockchain Group, and Indonesia’s DigiAsia Corp have all jumped on the bandwagon, with their stock prices surging post-announcement.

Yet not all firms see gains. Norwegian firm K33’s stock remained flat despite its Bitcoin buy plan.

Still, according to Standard Chartered, corporate Bitcoin holdings now represent 3.2% of all that will ever exist — worth over $342 billion.

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Metaplanet Issues $21M in Bonds to Accelerate Bitcoin Strategy

Yigit Taha OZTURK — Thu, 29 May 2025 12:00:36 +0000

Corporate interest in Bitcoin continues to intensify—and few are moving as swiftly and strategically as Metaplanet. The Japanese investment firm has made another bold move in its mission to accumulate massive crypto holdings. But this isn’t just another bond issue; it’s a clear signal of long-term intent and global expansion.

Zero-Interest Bonds, One Clear Target: 10,000 BTC

On May 29, Metaplanet announced the issuance of $21 million in zero-interest bonds to Evo Fund, just a day after securing $50 million in a separate funding round. Each bond carries a face value of $525,000 and matures on November 28, 2025. No interest is attached, allowing the firm to borrow without additional cost.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

This back-to-back funding brings Metaplanet‘s total 2025 capital raises to $135.2 million. The company’s goal? To reach 10,000 Bitcoin holdings by year-end. Currently, it holds around 7,800 BTC, placing it 11th among global corporate holders.

US Expansion and GameStop Joins the Race

On May 1, Metaplanet launched a wholly owned subsidiary—Metaplanet Treasury—in Florida, aiming to raise up to $250 million from US capital markets. This move strengthens its global footprint and signals confidence in the US crypto space.

In March, Eric Trump, son of former President Donald Trump, joined Metaplanet‘s Strategic Advisory Board, adding political weight to its strategy.

Meanwhile, other corporations are following suit. On May 28, GameStop revealed its first Bitcoin acquisition, purchasing 4,710 BTC. This milestone underscores growing corporate appetite for crypto and potentially hints at broader adoption.

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GameStop Makes Strategic Move With 4,710 Bitcoin Purchase

Yigit Taha OZTURK — Wed, 28 May 2025 11:16:37 +0000

The digital transformation of retail now goes far beyond e-commerce. In a move that reflects this shift, GameStop has purchased 4,710 Bitcoin. This decision showcases the company’s embrace of cryptocurrency as a long-term strategic asset.

A Confident Bet On Bitcoin And Strong Liquidity

Based in Texas, GameStop maintains a strong balance sheet with more cash than debt. Though the exact value of the transaction wasn’t disclosed, the company — with a $15.66 billion market cap — is signaling confidence in digital asset markets.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

According to InvestingPro, GameStop has a current ratio of 8.05, reflecting robust liquidity. This Bitcoin investment is a practical step toward its previously declared interest in blockchain technologies.

Transformation Strategy Accelerates

The crypto purchase is part of GameStop’s broader transformation. By enhancing its e-commerce platform and exploring new markets, the company has gained 24.81% in stock value over the past week.

The company also issued $1.3 billion in 0.00% convertible notes, partly to fund Bitcoin investments. Wedbush Securities raised its price target for GameStop to $13.50 following the announcement.

Meanwhile, CEO Ryan Cohen is facing a lawsuit involving $47.2 million in profits from trades in Bed Bath & Beyond. In Canada, the company is rebranding back to EB Games to revitalize the local gaming retail market.

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Basel Medical Group’s $1 Billion Bitcoin Move

Yeliz Akmaca — Sat, 17 May 2025 09:40:24 +0000

Basel Medical Group (BMGL) plans to invest $1 billion in Bitcoin. The company aims to support its Asia-focused healthcare growth strategy through this move. Additionally, BMGL will strengthen its balance sheet and enhance financial flexibility by purchasing Bitcoin.

BMGL’s management believes Bitcoin will help build a diversified asset base. CEO Dr. Darren Chhoa stated that the expanded balance sheet will allow them to move quickly in Asian markets. However, following the announcement of its Bitcoin acquisition plans, the company’s shares fell by nearly 15%.

Financial Advantages of the Investment

Strong Balance Sheet: BMGL will have one of the most solid balance sheets in the Asian healthcare sector.
Financial Flexibility: The Bitcoin investment will strengthen the company’s hand for mergers and acquisitions.
Leadership in Asia: BMGL will stand out as a well-capitalized medical group.

Basel Group Dr. Darren Chhoa commented:

“This $1 billion USD financial transformation will give us unprecedented capacity to execute our Asia growth strategy while maintaining innovative financial management. Our expanded balance sheet enables us to quickly pursue strategic opportunities as we build a premier health platform in high-growth Asian markets.”

The Role of Bitcoin and Basel Medical Group’s Strategy

Bitcoin is currently trading at $103,734. BMGL does not view it solely as an investment vehicle. Basel uses digital assets as a strategic tool to enhance balance sheet diversity. BMGL increases its resilience against market volatility while gaining an edge in Asian merger and acquisition activities.

Companies often face negative shareholder reactions when announcing Bitcoin treasury strategies. For instance, video game retailer GameStop saw its market value drop by nearly $3 billion in a single trading day in March after announcing its Bitcoin holding strategy.

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GameStop Completes $1.5 Billion Fundraising to Invest in Bitcoin!

Yigit Taha OZTURK — Wed, 02 Apr 2025 08:00:34 +0000

Video game retailer GameStop (GME) has completed a $1.5 billion convertible debt offering, with a portion of the funds allocated for Bitcoin purchases.

The initial target was at least $1.3 billion, but investors opted for an additional $200 million, bringing the total to $1.5 billion.

On March 25, GameStop’s board approved the company’s plan to invest in Bitcoin and US-dollar-pegged stablecoins.

GameStop Stock Movement

Following the announcement, GameStop’s stock didn’t see a significant change. On April 1, it closed 1.34% higher at $22.61, with only a 0.5% increase after the market closed.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

However, on March 26, after revealing its Bitcoin investment plan, GME stock jumped 12% to $28.36, only to drop 24% to $21.68 the next day.

GME pair 4-hour chart.

GameStop Joins the List of Bitcoin-Adopting Companies

With $4.77 billion in cash reserves, GameStop is now adding Bitcoin to its balance sheet. Previously, it had launched a crypto wallet but shut it down in November 2023 due to regulatory concerns.

GameStop is best known as the first meme stock success story from 2021, when retail investors collectively pushed its stock over 1,000% in a month, disrupting hedge funds that had bet against it.

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GameStop Stocks Plummet! Short Volume Surges %234

Yigit Taha OZTURK — Fri, 28 Mar 2025 09:00:07 +0000

The New York Stock Exchange (NYSE) has imposed a Short Sale Restriction (SSR) on GameStop (GME) after its short sales volume surged by %234 in 24 hours, reaching 30.85 million shares. Under NYSE rules, SSR is applied when a stock drops more than %10 from the previous day’s closing price. GameStop shares fell %22, completely wiping out the %12 gain from its Bitcoin announcement.

Is Another GameStop Short Squeeze Coming?

GameStop‘s short sale volume is approaching 2021 short squeeze levels.

Kevin Malone, CEO of Malone Wealth, noted on X (Twitter):

“GameStop traded 50x more shares today than last Thursday. That’s statistically impossible without naked short-selling.”

In January 2021, GameStop stocks skyrocketed due to a short squeeze, causing massive losses for hedge funds while some retail traders made huge profits. The highest short volume during that time was 33.26 million shares on January 19, 2021.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

GameStop’s Bitcoin Purchase Feels Like “Dot-Com Hype”

GameStop has not disclosed how much Bitcoin it plans to purchase. However, on March 26, after market close, it announced a $1.3 billion convertible notes offering.

Tastylive CEO Tom Sosnoff told Yahoo Finance:

“It feels a little like the dot-com hype—just adding ‘.com’ to your name or buying Bitcoin with excess cash.”

Meanwhile, eToro U.S. investment analyst Bret Kenwell stated that investors are not confident in GameStop’s core business model.

GME 1-hour chart.

Keith Gill’s Comeback Holds the Record for Largest Short Sale Volume!

The biggest short-selling day in GameStop history was June 3, 2024, with 46.20 million shares sold. This surge came after Keith Gill (Roaring Kitty) revealed on June 2 that he had invested $180 million in GameStop stocks. Some analysts believe GameStop’s stock drop was caused by its convertible notes offering.

Han Akamatsu compared it to MicroStrategy in 2021:

“In 2021, MicroStrategy issued $1.05 billion in 0% convertible notes, and the stock initially dipped due to hedging shorts. But when Bitcoin surged, it exploded. GameStop is following the same blueprint.”

If GameStop or Bitcoin prices rise significantly, another short squeeze could be on the horizon!

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GameStop Updates Treasury Reserve Assets by Adding Bitcoin!

Emre Yumlu — Wed, 26 Mar 2025 12:00:11 +0000

GameStop announced that it has updated its investment policy to include Bitcoin as part of its treasury reserve assets.

GameStop Plans Bitcoin Investment Using Corporate Cash Reserves

GameStop, the video game retailer, has announced that its board has unanimously approved the use of the company’s corporate cash reserves to purchase Bitcoin (BTC). This move is seen as a significant step in reshaping the company’s financial strategy, reflecting a similar approach to that of large corporations like MicroStrategy that have adopted corporate Bitcoin investment models.

In February, CNBC reported that GameStop had been working on plans to add Bitcoin and other cryptocurrency assets to its balance sheet. The company’s latest announcement confirms these plans, revealing that not only current cash reserves, but also future borrowings and stock issuances, could be used to invest in Bitcoin and US dollar-backed stablecoins.

As of February 1st, GameStop’s balance sheet held approximately $4.8 billion in cash. The company also stated that it has not set an upper limit for the amount of Bitcoin it may purchase, indicating that it intends to adopt a flexible investment strategy based on market conditions.

GameStop’s move into the cryptocurrency space is viewed as part of the transformation process under CEO Ryan Cohen. Cohen has prioritized cost-cutting, operational restructuring, and the development of new revenue models to ensure the company’s long-term sustainability. Bitcoin investment is considered one of the most notable elements of this strategy.

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