- BlackRock added 363.63 BTC via Coinbase Prime, signaling strong institutional demand.
- Ethereum outflows suggest strategic rebalancing as Bitcoin accumulation continues.
- Institutional inflows tighten supply and may reshape long-term BTC price dynamics.
BlackRock has executed another substantial Bitcoin accumulation through Coinbase Prime, acquiring 363.63 BTC worth approximately $30.73 million. The transactions were confirmed within a five-hour window, coinciding with a broader institutional uptick in US-based digital asset purchases.
Institutional Activity Tracked via Coinbase Prime
Two large Bitcoin transfers from Coinbase Prime to a wallet labeled “BlackRock: Inflow” occurred within ten minutes of each other. The first transfer moved 63.635 BTC valued at $5.38 million, and the second transferred 300 BTC worth $25.35 million. These direct inflows totaled 363.63 BTC, showing clear institutional routing behavior, Reed Carson reported.
The transfers were flagged by on-chain monitoring tools that tagged both the origin and destination wallets. Coinbase Prime, a regulated custodian servicing institutional clients, facilitated the transactions. This suggests that the BTC was purchased and then settled into a wallet believed to be associated with BlackRock.
BlackRock Rebalances Holdings While Expanding BTC Exposure
According to a Whale Insider, the transactions align with BlackRock’s broader strategy of BTC accumulation while reallocating capital from other digital assets. Three hours earlier, a wallet tagged “BlackRock: E…” transferred 2,725 ETH worth $4.34 million to Coinbase Prime. This Ethereum outflow likely represents either profit-taking or rotation to rebalance the fund’s portfolio structure.
The visible flow pattern reveals that the acquired BTC is being moved into centralized custody, while ETH is being offloaded through institutional rails. Additionally, a minor transfer of $1,000 USDC was recorded between two wallets linked to BlackRock. Though minimal in capital, the stablecoin movement may indicate internal liquidity adjustments or operational transactions.
Accumulation Continues Despite Four-Month BTC Price Low
Despite Bitcoin trading at its lowest level in four months, BlackRock’s continued inflows show sustained bullish behavior from U.S.-based asset managers. The timing reflects a divergence from Asian markets, which have seen net selling pressure in recent sessions. BlackRock’s actions suggest strategic conviction in Bitcoin as a reserve asset.
This pace of institutional accumulation is expected to tighten Bitcoin’s available supply, support spot ETF inflows, and boost investor confidence during corrective phases. It also raises the floor for long-term valuations, pressures sidelined institutions to follow suit, and amplifies Bitcoin’s role in portfolio diversification. As capital rotation accelerates, macro funds and pensions may begin mirroring these high-conviction allocations.
