On February 3, blockchain monitoring platform Onchain Lens released data showing that global asset management giant BlackRock has once again made a significant move, transferring a large amount of crypto assets to the Coinbase platform.
Details reveal that the transaction includes 1,134.13 BTC, valued at approximately $88.69 million, and 35,358 ETH, worth around $80.65 million at current prices.
The total value of these two major cryptocurrencies exceeds $160 million, drawing widespread attention from the market.
Institutional Investors Continue Expansion
Notably, this isn't the first time BlackRock has increased its crypto holdings. As one of the world's largest asset management firms, its recent frequent on-chain activity indicates a sustained bullish stance toward the digital asset space.
Market observers suggest that this significant deposit could potentially drive new upward momentum for both Bitcoin and Ethereum, warranting close attention from investors.