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BlackRock Moves 930 Bitcoin and 12,687 Ethereum to Coinbase

Onchain Lens states that BlackRock transferred about 930 BTC and 12,687 ETH to Coinbase on March 19, with the combined value estimated at roughly $93.23 million.

BTC
ETH

Summary

Onchain Lens reported that BlackRock moved about 930 Bitcoin and 12,687 Ethereum to Coinbase on March 19. The transfers were valued at approximately $65.48 million in Bitcoin and $27.75 million in Ethereum, for a combined total of about $93.23 million. The source material identifies the transaction amounts and destination exchange but does not specify the purpose of the transfers.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization and a blockchain-based digital asset.
  • ETH: The ticker symbol for Ether, the native cryptocurrency of the Ethereum blockchain used for transactions and network operations.
  • Coinbase: A cryptocurrency exchange and custodian where digital assets can be transferred, traded, or held.