BlackRock Moves Over 93,000 ETH and 700 BTC to Coinbase Prime
According to Lookonchain, BlackRock recently conducted additional transfers on Coinbase Prime, including a $28.36 million Bitcoin deposit and a $45.47 million Ethereum withdrawal.
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Fact Check
The provided evidence describes multiple, large-scale transfers of Bitcoin and Ethereum from BlackRock to Coinbase Prime throughout 2025. While no single article reports the transfer of 'over 93,000 ETH and 700 BTC' in a single transaction, the cumulative figures derived from the various sources corroborate the statement. Evidence explicitly mentions Bitcoin transfers of 1,800 BTC and 5,100 BTC, totaling 6,900 BTC, which is significantly more than 700 BTC. Similarly, aggregating the various Ethereum transfers mentioned (both those specified in ETH and those in USD value) results in a total that exceeds 93,000 ETH. Therefore, the statement is a factually supported summary of BlackRock's cumulative crypto movements to Coinbase.
Summary
BlackRock carried out new transactions on Coinbase Prime, depositing 272.4 BTC valued at $28.36 million and withdrawing 12,098 ETH worth $45.47 million. These actions, reported by Lookonchain, follow its earlier transfer of 93,158 ETH and 703.74 BTC to the platform, signaling ongoing large-scale institutional engagement in cryptocurrency markets.
Terms & Concepts
- Coinbase Prime: A cryptocurrency trading platform designed for institutional investors, offering advanced trading tools and custody services.
- Onchain Data: Information recorded on a blockchain that can be analyzed to track transactions, addresses, and network activity.
- ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contract operations, and decentralized applications.