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BlackRock Transfers About 6,005.46 Bitcoin to Coinbase Prime

BlackRock Transfers About 6,005.46 Bitcoin to Coinbase Prime

Onchain Lens flagged a roughly $403 million on-chain Bitcoin transfer by BlackRock to Coinbase Prime, an institutional crypto brokerage used for custody, trading, and portfolio operations.

BTC

Fact Check
The 6,005.46 BTC / ~$403M transfer from BlackRock to Coinbase Prime is reported by two independent on-chain trackers (Onchain Lens and Lookonchain) and corroborated by Yahoo Finance, Cryptorank, and PANews. All figures and the recipient (Coinbase Prime) match the claim.
Summary

BlackRock transferred about 6,005.46 Bitcoin to Coinbase Prime in an on-chain transaction valued at roughly $403 million at current prices, according to Onchain Lens. An earlier report described the move as 6,164 Bitcoin worth about $424 million and identified it as a Bitcoin-native transfer to Coinbase Prime. The transfer itself does not establish intent and could reflect trading, custody rebalancing, or internal operational wallet management.

Terms & Concepts
  • Coinbase Prime: An institutional crypto platform offering custody, trading, and financing services for large investors and asset managers.
  • On-chain transfer: A blockchain-recorded movement of crypto assets between wallet addresses, visible on the public ledger.
  • Bitcoin-native: Refers to actual Bitcoin on its own blockchain, rather than synthetic exposure or a derivative instrument.