Bitcoin Falls as GameStop Moves BTC to Coinbase
Key Points:
- GameStop transfers BTC to Coinbase; no sale announced.
- Strategy buys more BTC despite market dip.
- BTC’s price volatility amid large transfers and acquisitions.
Bitcoin BTC -3.78% ’s price dipped 6% over two days, briefly falling below $90,000 on January 20, 2026, driven by GameStop’s significant BTC transfers to Coinbase Prime.
GameStop’s transfers suggest potential sales pressure, contrasting with Strategy and U.S. Treasury’s supportive holdings, highlighting competing market forces affecting Bitcoin’s stability.
GameStop, which added 4,710 BTC to its treasury in mid-2025, transferred 2,396 BTC to Coinbase Prime. Meanwhile, Strategy has aggressively acquired 22,305 BTC over recent days. Market participants are closely observing these actions.
Market Reactions to Crypto Movements
Bitcoin faced immediate market fluctuations, highlighted by GameStop’s and Strategy’s transactions. The U.S. government’s decision to hold rather than sell seized Bitcoin adds another layer to the current landscape. These activities influence both price and investor sentiment.Scott Bessent, U.S. Treasury Secretary, confirmed, “This administration’s policy is to add seized Bitcoin to our digital asset reserve.”– source The financial implications are profound, with Bitcoin’s dip impacting related stocks like MSTR. The U.S. Treasury’s policy of holding seized cryptocurrency aligns with long-term confidence in Bitcoin’s potential value as a reserve asset.
