GameStop transferred 2,396 BTC to Coinbase Prime in January 2026 (100 BTC mid‑Jan and 2,296 BTC on Jan 20), equal to about 51% of the 4,710 BTC it acquired in May 2025. The company’s May 14–23, 2025 purchases averaged roughly $106,000 per BTC and were valued at $519.4M as of Q3 2025. On‑chain observers noted the cold‑to‑brokerage moves, which can indicate potential selling, though GameStop has not announced any sale and transfers could instead reflect routine treasury management (rebalancing, collateraling, or BTC‑linked strategies).

On‑chain data shows 2,396 BTC moved to Coinbase Prime in Jan 2026 (100 BTC and 2,296 BTC), representing ~51% of GameStop’s 4,710 BTC bought in May 2025. Transfers from cold storage to brokerage wallets are commonly interpreted as potential precursors to selling; GameStop made no announcement and the moves could also be routine treasury management (rebalancing, collateral, or preparing BTC‑linked strategies).