Onchain Lens reported that wallets it associates with BlackRock sent a combined $702.3 million in Bitcoin (BTC) and Ether (ETH) to Coinbase Prime on Nov. 3, extending a series of reported transfers to the platform.
The tracker listed 7,244 BTC and 63,600 ETH in the transfer, valuing them at about $558.62 million and $143.63 million, respectively. The movement fell within the hour ending at 7:54 a.m. ET (12:54 UTC).
Coinbase describes Prime as a platform for institutional custody and trading.
Onchain Lens also noted an Oct. 23 Coinbase Prime transfer of 3,215 BTC and 38,882 ETH, valued together at $355.63 million. The Nov. 3 total was nearly double that reported amount.
EconoTimes previously covered a separate $143.04 million transfer from BlackRock-linked wallets to Coinbase Prime on Oct. 19.
