Grayscale Addresses Transfer 886.39 BTC to Coinbase Prime Valued at $101 Million

PANews reported that Arkham blockchain data on August 4 at 9:20 PM Beijing time revealed significant BTC movements from Grayscale addresses, including transfers from Bitcoin Trust and Bitcoin Mini Trust.

BTC

Summary

According to PANews, Arkham blockchain data on August 4 at 9:20 PM Beijing time showed that three Grayscale addresses transferred a total of 886.39 BTC to Coinbase Prime, valued at approximately $101 million. The breakdown includes two Bitcoin Trust addresses transferring 196.57 BTC and 393.14 BTC, respectively, with Bitcoin Mini Trust transferring 296.68 BTC.

Terms & Concepts
  • BTC: The standard abbreviation for Bitcoin, a widely recognized digital currency.
  • Coinbase Prime: A trading platform by Coinbase tailored for institutional investors.