GameStop Transfers 4,710 BTC to Coinbase, Raising $76 Million Loss Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Coinmarketcap
- Bitcoin Transfer: GameStop recently transferred its entire stash of 4,710 BTC, valued at approximately $422 million, to Coinbase, potentially indicating a significant shift in its future strategy amid Bitcoin's price volatility.
- Potential Losses: Should GameStop decide to liquidate its Bitcoin holdings at the current price of $90,800, it could face an estimated loss of around $76 million, contrasting sharply with its original purchase price of $107,900 per Bitcoin.
- CEO Share Purchase: CEO Ryan Cohen's recent acquisition of 500,000 shares of GameStop, valued at over $10 million, boosted the company's stock price by more than 3%, reflecting his ongoing commitment to revitalizing the core business.
- Corporate Crypto Strategy: Despite uncertainties surrounding GameStop's Bitcoin holdings, the company faces increasing scrutiny regarding the sustainability of corporate cryptocurrency investments, especially as several firms reassess their positions following underperformance in the latter half of 2025.
Analyst Views on BTC
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
