Two transfers sent 1,334 Bitcoin (BTC) from Coinbase Institutional on Nov. 4, exceeding an earlier 1,086 BTC deposit and putting the three transactions $19.7 million in net outflow.
The latest move involved 666 BTC, valued at $52.4 million, sent at 6:56 a.m. ET from Coinbase Institutional to a wallet identified as unknown. At 4:53 a.m. ET, another 668 BTC worth $52.4 million went from Coinbase Institutional to an unidentified wallet.
The sequence began at 4:38 a.m. ET when a wallet listed as unknown transferred 1,086 BTC, worth about $85.1 million, to Coinbase Institutional. The two outflows carried $104.8 million in value, $19.7 million above the earlier deposit; across all three moves, the total was $189.9 million.
EconoTimes previously covered the incoming 1,086 BTC and the first 668 BTC outflow in its account of the earlier transfers.
The records identify each transfer's direction and an unidentified wallet as a counterparty. They do not reveal who controls the wallets or establish that the Bitcoin was sold.
