BlackRock Moves $136 Million in Bitcoin and Ethereum to Coinbase
On March 10, BlackRock transferred 1,133.78 BTC and 27,189 ETH valued at approximately $136 million to Coinbase, reflecting ongoing institutional activity in crypto asset management, according to Onchain Lens.
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Fact Check
The claim is directly supported by primary on-chain monitoring data from Onchain Lens (https://x.com/OnchainLens/status/2031318850302828601), which specifies the exact amounts of 1,133.78 BTC and 27,189 ETH. The total valuation of ~$136 million is consistent with the market prices cited in the source ($80.24M + $56.1M = $136.34M).
Summary
BlackRock transferred 1,133.78 BTC and 27,189 ETH, totaling around $136 million, to Coinbase on March 10, as reported by Onchain Lens. This demonstrates continued institutional allocation of crypto assets and indicates active engagement with major exchanges.
Terms & Concepts
- BTC (Bitcoin): The first and most widely used cryptocurrency, based on a decentralized blockchain network.
- ETH (Ethereum): A cryptocurrency and blockchain platform that enables smart contracts (self-executing blockchain code) and decentralized applications.
- Onchain monitoring: The process of tracking blockchain transactions in real-time using analytical tools to observe fund movements.