Prime

Bitcoin

Frenzy

<ul class="news-points"> 
 <li>Grayscale transferred 4,018.2 BTC worth $209 million to Coinbase Prime Deposit on February 16.</li> 
 <li>The asset manager moved 821.1 BTC to a new address, which is suspected to be Grayscale’s new custody address.</li> 
 <li>In February, Grayscale was involved in a total shift of 6,940.4 BTC, worth $360 million, to Coinbase Prime.</li> 
</ul> 
Grayscale’s movement of Bitcoin has been creating ripples in the community over the past few days. As per the blockchain intelligence platform Arkham’s <a href="https://platform.arkhamintelligence.com/explorer/entity/grayscale" target="_blank" rel="nofollow">report</a>, Grayscale transferred over 4000 Bitcoins to Coinbase Prime in the most recent move. 
Chinese reporter Colin Wu’s Wu Blockchain page on X shared insights on <a href="https://coinedition.com/grayscale-holds-490k-bitcoins-btc-sell-off-slows-down/">Grayscale</a>’s massive move of 4,018.2 BTC to Coinbase Prime Deposit address. Reportedly, the Bitcoins worth $209 million has been moved on February 16. In addition, Grayscale shifted 821.1 BTC to a new address, suspected to be the asset manger’s new custody address. 
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 According to Arkham, at 22:29 UTC+8 on February 16, Grayscale transferred 4,018.2 BTC to the address of Coinbase Prime Deposit, worth approximately US$209 million; it transferred 821.1 BTC to a new address, which is suspected to be Grayscale's new custody address.…—…
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The post <a href="https://coinedition.com/grayscales-4018-2-btc-transfer-to-coinbase-prime-creates-frenzy/">Grayscale’s 4,018.2 BTC Transfer to Coinbase Prime Creates Frenzy</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Grayscale’s 4,018.2 BTC Transfer to Coinbase Prime Creates Frenzy

Coin Edition

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