BlackRock deposits 1,271 Bitcoin worth $135 million into Coinbase
Crypto Briefing
BlackRock moved 1,271 Bitcoin, valued at nearly $135 million, into the Coinbase exchange.Summary
BlackRock, a major asset manager utilizing spot Bitcoin ETFs for institutional holdings, deposited 1,271 Bitcoin, valued at approximately $135 million, into the Coinbase exchange today. This transfer is part of BlackRock's routine, deliberate portfolio management strategy, which frequently involves moving Bitcoin and Ethereum to Coinbase Prime. The transaction occurred while market optimism was increasing due to reports suggesting an imminent end to the 40-day US government shutdown, following Senate approval of a bipartisan funding deal.
(Source：Crypto Briefing)