PANews reported on January 23 that CryptoQuant published an article on the X platform stating that GameStop's on-chain wallet transferred all its BTC holdings to Coinbase Prime today, most likely for sale. Between May 14 and 23, 2025, they purchased 4,710 BTC at an average price of approximately $107,900, for a total investment of approximately $504 million. Selling at the current price of approximately $90,800 could result in a loss of approximately $76 million.