Coinbase Institutional transferred 1,131 Bitcoin (BTC) to a newly created wallet on Nov. 4, bringing the day’s reported outflows to 2,465 BTC across three transactions.
The transfer was valued at about $91.18 million and recorded at 11:23 a.m. ET (16:23 UTC). The destination was described as a new wallet with no identified owner.
EconoTimes previously reported two earlier withdrawals totaling 1,334 BTC on Nov. 4. One transferred 668 BTC at 4:53 a.m. ET, and the other sent 666 BTC at 6:56 a.m. ET; each was valued at about $52.4 million. Both went to wallets with unidentified owners.
The three withdrawals totaled 2,465 BTC. EconoTimes also reported a 1,086 BTC deposit to Coinbase Institutional earlier that day, valued at about $85.08 million. Counting that deposit against the three withdrawals, 1,379 BTC more left the platform than entered it across the four reported transactions.
