BlackRock Moves Over $74 Million in Bitcoin to Coinbase

BlackRock transferred 1,134 BTC, valued at approximately $74.95 million, to Coinbase, signaling continued institutional involvement in cryptocurrency.

BTC

43d ago

Summary

BlackRock has transferred 1,134 BTC, valued at about $74.95 million, to the Coinbase exchange, according to Onchain Lens. The transaction may be part of a series of Bitcoin deposits by the firm, highlighting ongoing institutional management of crypto holdings.

Terms & Concepts

Onchain Lens: A blockchain analytics platform that tracks large cryptocurrency transactions and wallet movements.
BTC (Bitcoin): The native cryptocurrency of the Bitcoin network, used as a digital store of value and medium of exchange.
Coinbase: A major U.S.-based cryptocurrency exchange that facilitates buying, selling, and custody of digital assets.