BlackRock Moves $110 Million in Bitcoin and $78 Million in Ethereum to Coinbase Prime
BlackRock’s recent $193.9 million Bitcoin transfer to Coinbase Prime strengthens its record of high-value crypto transactions on regulated platforms, reflecting rising institutional engagement.
BTC
ETH
Summary
Solid Intel has reported that BlackRock transferred 2,100 BTC, valued at approximately $193.9 million, to Coinbase Prime. This latest transaction adds to a series of substantial cryptocurrency movements between BlackRock and Coinbase, which have included Bitcoin and Ethereum transfers exceeding hundreds of millions in value over recent months. The consistent high-volume activity underscores growing institutional reliance on regulated exchanges for large-scale crypto trading.
Terms & Concepts
- Bitcoin (BTC): The first and largest cryptocurrency by market capitalization, used as a decentralized digital asset.
- Ethereum (ETH): A blockchain platform supporting decentralized applications and smart contracts, with its native cryptocurrency called Ether.