BlackRock Withdraws 2,004 Bitcoin Worth $144.82 Million From Coinbase
Onchain Lens states that BlackRock moved 2,004 Bitcoin from Coinbase on April 14, while Bitcoin’s rebound coincided with broader crypto gains and reported institutional positioning.
BTC
Fact Check
The claim is plausible because two crypto media items point to the same underlying source: Odaily newsflash 476591 traces directly to the Onchain Lens X post, and the PANews article title in search results repeats the same 2,004 BTC-from-Coinbase claim. However, neither the Onchain Lens post nor the PANews page could be fetched successfully in this run, so I could not validate the exact wording, timestamp, wallet labels, or transaction evidence. I also did not obtain an independent authoritative source such as BlackRock, Coinbase, Arkham, or an accessible on-chain record confirming that the transfer was indeed BlackRock-related rather than a wallet-label inference. Because the available evidence in this run is mainly unvalidated secondary repetition of a social-media claim, the statement cannot be rated likely true with confidence.
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Summary
Onchain Lens reported that BlackRock withdrew 2,004 BTC worth $144.82 million from Coinbase on April 14. The move came as Bitcoin led a wider crypto market rebound. New details in the update said Matrixport-linked addresses were showing $36.3 million in floating profit with total holdings of $335 million, while analysts cited dovish signals from the Bank of Japan and rising institutional positioning as part of the market backdrop.
Terms & Concepts
- On-chain tracking: Monitoring blockchain transactions in real time using public ledger data and wallet activity.
- Bitcoin withdrawal: A transfer of Bitcoin from an exchange wallet to another address, often tracked through blockchain data.
- BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.