BlackRock Moves Over $241 Million in Bitcoin and Ethereum to Coinbase
According to Onchain Lens, BlackRock transferred 2,288 BTC and 19,644 ETH to Coinbase, marking a significant increase in the value of its on-chain deposits.
BTC
ETH
Summary
Onchain Lens reported that BlackRock deposited 2,288 BTC, valued at $188 million, and 19,644 ETH, worth $53.72 million, into Coinbase. This marks a notable rise in the scale of BlackRock’s cryptocurrency transactions compared to previous transfers. The activity underscores the asset manager’s ongoing engagement in large-scale digital asset movements and highlights Coinbase's role as a trusted platform for substantial institutional crypto holdings.
Terms & Concepts
- BTC: Abbreviation for Bitcoin, the first and largest cryptocurrency by market capitalization.
- ETH: Abbreviation for Ethereum, a cryptocurrency and blockchain platform supporting smart contracts (self-executing blockchain code).
- Onchain Lens: A blockchain analytics service that tracks and reports cryptocurrency transactions visible on public blockchains.