Suspected GameStop-Linked Address Deposits 2,396 BTC to Coinbase, Overall Unrealized Loss of Approximately $70 Million
BlockBeats News, January 21st, according to on-chain data, the suspected GameStop-related wallet address transferred 2,396 BTC to the Coinbase Prime hot wallet 16 hours ago, accounting for approximately 50% of its total Bitcoin holdings.
Records show that GameStop purchased 4,710 BTC through Coinbase Prime in May 2025 as part of the company's treasury reserve, with a total investment of approximately $500 million. The average purchase price per coin ranged from $106,000 to $109,000. Currently, the unrealized loss corresponding to this portion of Bitcoin is approximately $70 million.
You may also like

Giannis Antetokounmpo's Investment in Kalshi Sparks Outrage: Idol Crossover or Insider Trading Scheme?

Mr. Beast Acquires Step: Top Streamer Enters Teen Finance Race?

Not Just Guessing Right or Wrong, Market Prediction Is Getting More and More “Fun”

$55,000 will be Bitcoin's make-or-break level

February 10th Key Market Information Gap, A Must-See! | Alpha Morning Report

About ERC-8004: Everything You Need to Know

ai.com's Debut Flop: After $70 Million Transaction, Did It Get a '504' Timeout?

FedNow versus The Clearing House: Who Will Win the Fed Payments Fray?

Recovering $70,000 in Lost Funds: The "Fragile Logic" Behind Bitcoin's Rebound

Mr. Beast acquires Step, Farcaster Founder Joins Tempo, what are the international crypto circles talking about today?

February 9th Market Key Intelligence, How Much Did You Miss?

After being questioned by Vitalik, L2s are collectively saying goodbye to the "cheap" era
WEEX AI Trading Hackathon Paris Workshop Reveals: How Retail Crypto Traders Can Outperform Hedge Funds
Witness how WEEX's Paris AI Trading Hackathon revealed AI's edge over human traders. Explore key strategies, live competition results & how to build your own AI trading bot.

U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…

USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…

How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…

USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…

Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…