GameStop-linked wallet deposits 4,710 BTC to Coinbase Prime, sale suspected

An address believed to belong to U.S. video game retailer GameStop has deposited its entire holding of 4,710 BTC into Coinbase Prime, CryptoQuant reported. The analytics firm suggested the deposit was likely made with the intent to sell. CryptoQuant noted that GameStop originally purchased the 4,710 BTC at an average price of $107,900, meaning a sale would result in an estimated loss of approximately $76 million.