BlackRock recently withdrew 2,086 Bitcoin, valued at approximately $135 million, and 8,459 Ethereum, worth about $15.84 million, from Coinbase, reflecting a significant reallocation of assets by the major investment firm. Such withdrawals by large institutions often signal strategic asset moves, particularly as the regulatory environment for cryptocurrency continues to evolve. This transaction was tracked and made publicly visible through platforms like Arkham Intelligence, which provide transparency and real-time insights into institutional crypto activities.
BlackRock withdraws $135M in Bitcoin, $15.84M in Ether from Coinbase
