Grayscale Moves Crypto Assets to Coinbase Prime, Arkham Reports

Arkham reports Grayscale shifted 148.372 BTC worth $14.15 million to Coinbase Prime, adding to prior ETH transfers and reflecting continued large-scale asset movements to exchange custody.

BTC
ETH

Summary

Arkham disclosed that Grayscale moved 148.372 BTC valued at $14.15 million from its Bitcoin Trust to a Coinbase Prime address about half an hour ago. This follows earlier reporting of a 924.506 ETH transfer worth $3.12 million to the same destination. Both transactions represent significant asset shifts by Grayscale to Coinbase Prime in a short timeframe.

Terms & Concepts
  • BTC: The cryptocurrency unit of Bitcoin, in this case representing 148.372 BTC valued at approximately $14.15 million.
  • ETH: The cryptocurrency unit cited in Grayscale’s 924.506 transfer, valued near $3.12 million.
  • Coinbase Prime address: The destination address noted by Arkham as receiving large cryptocurrency transfers from Grayscale.