GameStop Transfers Bitcoin Holdings, CryptoQuant Suggests Potential Sale
According to CryptoQuant, GameStop has moved its entire Bitcoin stash, potentially signaling a sale. The transfer raises questions about the company's strategy regarding its digital asset holdings. Reports indicate that if GameStop were to sell its Bitcoin at current prices, it could incur an estimated loss of $76 million. The company acquired 4,710 Bitcoin at an average price of $107,900. The development is noteworthy given the increasing interest in corporate Bitcoin holdings and their impact on company financials.
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