2024

Prime

Bitcoin

Arkham

Coin

<ul class="news-points"> 
 <li><strong>Grayscale transferred Bitcoin tokens worth over $175 million to Coinbase.&nbsp;</strong></li> 
 <li><strong>A pundit claims Grayscale’s outflows are attributable to Genesis selling GBTC for BTC.</strong></li> 
 <li><strong>Grayscale now holds 449,834 Bitcoin, valued at over $23 billion.</strong></li> 
</ul> 
<p>The most prominent crypto asset manager, <a href="https://coinedition.com/grayscales-4018-2-btc-transfer-to-coinbase-prime-creates-frenzy/" target="_blank" rel="noreferrer noopener">Grayscale, has moved</a> a significant amount of Bitcoin within the past day to liquid exchange for a potential sell-off. Chinese reporter Colin Wu called attention to the development in a recent post on X.&nbsp;</p> 
<p>Citing data from data analytics platform Arkham Intelligence, Colin Wu revealed that Grayscale transferred 3,443.1 Bitcoin tokens to an address associated with U.S.-based crypto exchange Coinbase. In particular, Grayscale sent the BTC tokens to Coinbase Prime, the exchange’s platform specifically designed to provide liquidity for institutions.&nbsp;</p> 
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   <p lang="en" dir="ltr">According to Arkham, at 22:12 UTC+8 on February 23, Grayscale transferred 3,443.1 BTC to the address of Coinbase Prime Deposit, worth approximately US$175 million. <a href="https://t.co/79xyMqJylW" target="_blank" rel="nofollow">https://t.co/79xyMqJylW</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1761037412678127679?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 23, 2024</a>
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<p>Arkham Intelligence suggested Grayscale moved the 3,443.1 BTC tokens in five transactions, each separated by…</p>
<p>The post <a href="https://coinedition.com/bitcoin-worth-175997602-moved-by-largest-crypto-fund-manager-grayscale-to-exchange/">Bitcoin Worth $175,997,602 Moved by Largest Crypto Fund Manager Grayscale to Exchange</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Worth $175,997,602 Moved by Largest Crypto Fund Manager Grayscale to Exchange

Coin Edition

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