GameStop has transferred its entire Bitcoin holdings, totaling 4,710 BTC valued at approximately $420 million, to Coinbase Prime. This move has fueled speculation that the video game retailer may be preparing to exit its Bitcoin treasury strategy. If GameStop sells its Bitcoin at current market prices, it could incur a loss of $75 million to $85 million, as the company initially purchased the Bitcoin at an average price of $107,900 per coin. The transfer was identified by blockchain analytics firm CryptoQuant, which noted the movement of Bitcoin from a wallet associated with GameStop. While such transfers to Coinbase Prime often precede sales due to the platform's liquidity, they do not always indicate an immediate liquidation. GameStop has not confirmed any sale intentions, leaving room for speculation about its future crypto strategy. This development comes amid broader scrutiny of corporate crypto treasuries as digital asset prices have declined.