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BlackRock Withdraws 8,435 Bitcoin From Coinbase Over Three Days

According to Onchain Lens, BlackRock’s latest Coinbase transfer included 2,267 BTC and 5,041 ETH, with the reported three-day Bitcoin withdrawals totaling about $618.05 million.

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Summary

According to Onchain Lens, BlackRock withdrew 2,267 BTC and 5,041 ETH from Coinbase in a latest transfer worth about $172 million. The tracker said on March 19 that BlackRock has withdrawn 8,435 BTC over the past three days, totaling about $618.05 million. The source did not provide details on destination wallets or the purpose of the transfers.

Terms & Concepts
  • Onchain Lens: A blockchain transaction tracking service that monitors and reports wallet movements on public ledgers.
  • BTC: The ticker symbol for Bitcoin, the native cryptocurrency of the Bitcoin blockchain.
  • ETH: The ticker symbol for Ether, the native cryptocurrency of the Ethereum blockchain used for network transactions and smart contracts.