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Gate ELSA Futures Trading Challenge is Now Live!
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Is GameStop starting to dump its BTC?
In May 2025, the company joined the “BTC treasury” hype and bought 4,710 BTC for $513M as corporate reserves.
They’re now sitting on roughly $70M in unrealized losses, and it looks like the company may have decided to reduce the position or start selling BTC.
Over the last 24 hours, they transferred 2,396 BTC to a Coinbase Prime hot wallet — most likely in preparation for a sale.