GameStop Moved 4.7K BTC to Coinbase Prime at $76M Loss

2026/01/23 17:05

2 min read

GameStop, the world’s largest video game retailer, is seeing huge losses on its Bitcoin BTC $88 933 24h volatility: 1.2% Market cap: $1.78 T Vol. 24h: $40.69 B holdings as the leading asset struggles below $90,000.

In May 2025, GameStop accumulated 4,710 BTC for roughly $504 million, with an average price of $107,900, according to the on-chain analysis platform CryptoQuant.

The popular video game retailer recently deposited its BTC holdings into Coinbase Prime, an institutional-grade brokerage platform. CryptoQuant wrote that selling the assets now would cost $76 million in realized losses for GameStop.

According to a MarketBeat report, Ryan Cohen, CEO of GameStop, purchased 500,000 shares of the firm’s stock at $21.12. The GME stock is trading at $23.14 at the time of writing.

Coinspeaker reported that GameStop’s Bitcoin holdings reached a total of $528.6 million by the end of Q2 2025 as the BTC price consistently traded close to $120,000.

Currently, Bitcoin is trading at $89,400, recording a 6.4% decline over the past seven days. Its trading volume has also plunged by 32% to $35 billion, signaling a cautious approach from traders.

CEX Inflows and ETF Outflows

Bitcoin has been struggling to gain bullish momentum due to less institutional interest and increasing inflows into centralized crypto exchanges.

Leading CEXs recorded a net inflow of 5,026 BTC over the past 24 hours, also reaching 9,891 BTC in the last seven days, according to data from CoinGlass.

Dominating inflows into CEXs usually hint at a selloff and increased fear among the investors.

Moreover, the US-based spot BTC exchange-traded funds registered a net outflow of $1.22 billion over the past three days, according to SoSoValue data.

This negative momentum is primarily due to the macro uncertainty from the US, as President Donald Trump has been threatening EU countries with increased tariffs.

The post GameStop Moved 4.7K BTC to Coinbase Prime at $76M Loss appeared first on Coinspeaker.

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#ETF #On-chain #CEX

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…

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2025/09/18 00:23

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2026/02/05 03:49

GameStop Moved 4.7K BTC to Coinbase Prime at $76M Loss

CEX Inflows and ETF Outflows

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