Onchain analyst Sani reported that GameStop transferred 100 Bitcoin, worth about $9.5 million, to Coinbase Prime on January 17, 2026.
The transaction was flagged on X by Sani, who shared onchain data showing the movement from wallets linked to GameStop.
Onchain records showed two outputs from the transaction, including 100 Bitcoin and a smaller fractional amount.
The funds originated from addresses associated with GameStop and tagged under Coinbase Custody.
Around 711.12 Bitcoin reportedly remains held in a Coinbase Custody wallet following the transfer.
Coinbase Custody operates as Coinbase’s cold storage service for securing digital assets.
The 100 Bitcoin was routed specifically to Coinbase Prime, the firm’s institutional brokerage and trading platform.
GameStop disclosed in May 2025 that it held 4,710 Bitcoin on its balance sheet.
The retailer ranked 22nd among publicly listed companies with Bitcoin treasuries at the time of disclosure.
Even if the transferred Bitcoin is sold, GameStop would retain its ranking among corporate Bitcoin holders.
Disclosure of any sale may be deferred until the company’s first-quarter 2026 earnings if it represents less than 10% of total assets.
At the time of reporting, Bitcoin price was $92,612.98.