GameStop shifts 2,396 BTC (51% of treasury) to Coinbase Prime in January 2026

In January 2026, GameStop moved 2,396 BTC—about 51% of its treasury—to Coinbase Prime without confirming any sale. The transfer, flagged by on-chain analysts Sani and Emmett Gallic, fueled speculation about potential liquidation and coincided with a brief drop of over 3% in GME shares. If sold near current levels, potential losses were estimated at about $76M.