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Grayscale Transfers $19 Million in Bitcoin to Coinbase Prime

Grayscale Bitcoin Trust and Bitcoin Mini Trust collectively sent 173.68 BTC, valued at about $19.09 million, to Coinbase Prime in a single day transaction.

BTC

Summary

On-chain data indicated that at 21:18 UTC+8, Grayscale Bitcoin Trust and Bitcoin Mini Trust transferred a total of 173.68 BTC to Coinbase Prime, valued at approximately $19.09 million. The Bitcoin Mini Trust sent 79.68 BTC worth $8.76 million, while the main trust moved 94 BTC worth $10.33 million.

Terms & Concepts
  • Grayscale Bitcoin Trust: An investment vehicle that allows investors to gain exposure to Bitcoin through shares without directly holding the cryptocurrency.
  • Coinbase Prime: A platform by Coinbase designed for institutional investors to trade and store digital assets securely.
  • BTC: Abbreviation for Bitcoin, the world’s first and largest cryptocurrency by market capitalization.