BlackRock deposits 2,700 BTC and 52,956 ETH to Coinbase
Onchain Lens said the transfers to Coinbase were worth about $168.63 million in Bitcoin and $88.17 million in Ether, and reported that additional deposits may follow.
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Fact Check
The original Onchain Lens X post explicitly states BlackRock deposited 1,241 BTC ($80.07M) and 7,547 ETH ($13.29M) into Coinbase. Multiple independent outlets (BlockBeats, Moomoo, CoinNess, plus Odaily and PANews) reproduce identical figures, all tracing to the same on-chain monitoring. The claim's '$80.707 million' value is a minor distortion of the original $80.07M, and the $13.29M ETH figure matches exactly. This is on-chain wallet attribution via Arkham labeling rather than a BlackRock-confirmed disclosure, so the entity attribution carries some inherent uncertainty, but the transfer event and figures are well-supported.
Summary
BlackRock moved 2,700 BTC and 52,956 ETH to Coinbase in on-chain transfers tracked by Onchain Lens, with the assets valued at about $168.63 million and $88.17 million respectively. The newer report updates an earlier tally of 1,241 BTC and 7,547 ETH, indicating larger aggregate deposits. Onchain Lens said more deposits may follow. Large transfers to Coinbase, a major crypto exchange, are closely watched because they can reflect custody reshuffling, portfolio rebalancing or potential sales, though the transfers alone do not confirm BlackRock's intent.
Terms & Concepts
- BTC: Ticker symbol for Bitcoin.
- ETH: Ticker symbol for Ether, Ethereum's native token.
- Onchain Lens: Blockchain monitoring service tracking wallet activity.