The purchase, flagged in a brief market update, points to continued large-scale Bitcoin accumulation by the asset manager through a major U.S. crypto trading venue.
BlackRock bought 2,469.25 BTC worth $163.1 million from Coinbase, according to the brief update. The transaction highlights ongoing institutional-scale Bitcoin buying through Coinbase, a major U.S. crypto exchange often used for large orders and custody-related flows.