GameStop's $420 million bitcoin move sparks speculation of selling

Crypto watchers are speculating that video game retailer GameStop (GME) might be the latest firm to abandon its bitcoin (BTC) treasury after moving all its coins to Coinbase this week. Blockchain analytics firm CryptoQuant spotted on Friday that a wallet labeled GameStop had transferred all its stash – some 4,710 BTC, worth about $420 million at current prices – to Coinbase Prime, the U.S.-based crypto exchange's institutional arm. Blockchain data by Arkham Intelligence confirms the transfers. GameStop b ...