Fear has returned across the crypto market, with many traders choosing to sit on the sidelines as volatility remains elevated. During these conditions, meme coinsFear has returned across the crypto market, with many traders choosing to sit on the sidelines as volatility remains elevated. During these conditions, meme coins

GameStop Transfers Entire Bitcoin Holdings, Fueling Sale Speculation

2026/01/24 16:13
2 min read

GameStop has transferred its entire Bitcoin holdings to Coinbase Prime, suggesting a potential plan to sell them all, according to CryptoQuant data, as the exchange often serves as a staging ground for large sales.

Even though the company is yet to confirm a sale, analysts have been quick to describe the timing as consistent with a potential exit from its BTC position.

On January 17, GameStop moved 100 BTC, worth around $9.5 million, and an additional 2,296 BTC on January 20, accounting for 51% of its total BTC treasury, with 4,710 BTC acquired between May 14 and May 23, 2025, spending about $504 million at an average price of $107,900 per coin.

The BTC hoard remained untouched for months before the abrupt outflow in January 2026, suggesting the move was planned rather than routine.

With the company selling BTC near $90,800, it would lock in roughly $76 million in losses based on the difference between the average purchase price and current market pricing.

GameStop Sale Speculation Amid Caution In The Market

Speculation of an incoming sale by GameStop comes as Bitcoin struggles to regain bullish momentum, trading at $89,534 as of 1:39 a.m. EST, amid indicators pointing to rising sell-side activity.

Data from Coinglass shows that centralized exchanges continue to face a sustained BTC outflow, with 208.95 BTC leaving exchanges in the last 24 hours.

Meanwhile, US Spot BTC exchange-traded funds (ETFs) recorded net outflows of $103.5 million over the last 24 hours, marking the fifth consecutive day of outflows this week.

The weaker demand comes amid a week of macro uncertainty tied to President Donald Trump’s renewed tariff threats, as investors turned to safe-haven assets like gold and silver, both of which have hit new all-time highs.

Meanwhile, GameStop’s stock moved in a different direction with the sale, with the company’s shares trading at around $23.28 after a 1.26% jump in the last 24 hours.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

A whale that made a 141% profit on PUMP three days ago bought 321 million TRUMPs today, with a floating profit of $223,000.

A whale that made a 141% profit on PUMP three days ago bought 321 million TRUMPs today, with a floating profit of $223,000.

PANews reported on September 18th that according to Lookonchain monitoring, whale H56YMH sold 317 million PUMPs (worth approximately $2.53 million) at an average price of $0.008 three days ago, realizing a net profit of $1.48 million (a 141% return). Subsequently, eight hours ago, it purchased 321 million TRUMPs at an average price of $0.007835, resulting in unrealized profits of $223,000.
Share
PANews2025/09/18 10:36
Health Insurers To Cover Covid Vaccines Despite RFK, Jr. Moves

Health Insurers To Cover Covid Vaccines Despite RFK, Jr. Moves

The post Health Insurers To Cover Covid Vaccines Despite RFK, Jr. Moves appeared on BitcoinEthereumNews.com. The nation’s biggest health insurance companies will continue to cover vaccinations – including those against Covid-19 and seasonal flu – previously recommended by a federal advisory committee, America’s Health Insurance Plans said Wednesday, Sept. 17, 2025. In this photo is a free flu and Covid-19 vaccine shots available sign, CVS, Queens, New York. (Photo by: Lindsey Nicholson/Universal Images Group via Getty Images) UCG/Universal Images Group via Getty Images The nation’s biggest health insurance companies will continue to cover vaccinations – including those against Covid-19 and seasonal flu – previously recommended by a federal advisory committee. The announcement by America’s Health Insurance Plans (AHIP), which includes CVS Health’s Aetna, Humana, Cigna, Centene and an array of Blue Cross and Blue Shield plans as members, comes ahead of the first meeting of the reconstituted Advisory Committee on Immunization Practices, which now has new members chosen by U.S. Health and Human Services Secretary Robert F. Kennedy Jr., a vaccine critic. “Health plans are committed to maintaining and ensuring affordable access to vaccines,” AHIP said in a statement Wednesday. “Health plan coverage decisions for immunizations are grounded in each plan’s ongoing, rigorous review of scientific and clinical evidence, and continual evaluation of multiple sources of data.” The move by AHIP is good news for millions of Americans at a time of year when they flock to drugstores, pharmacies, physician’s offices and outpatient clinics to get their seasonal flu and Covid shots. Kennedy’s changes to U.S. vaccine policy have created confusion across the country over whether certain vaccines long covered by insurance would continue to be. AHIP has now provided some clarity for millions of Americans. “Health plans will continue to cover all ACIP-recommended immunizations that were recommended as of September 1, 2025, including updated formulations of the COVID-19 and influenza vaccines, with no cost-sharing…
Share
BitcoinEthereumNews2025/09/18 03:11
Silver Price Crash Is Over “For Real This Time,” Analyst Predicts a Surge Back Above $90

Silver Price Crash Is Over “For Real This Time,” Analyst Predicts a Surge Back Above $90

Silver has been taking a beating lately, and the Silver price hasn’t exactly been acting like a safe haven. After running up into the highs, the whole move reversed
Share
Captainaltcoin2026/02/07 03:15