The recorded transaction includes the following key metrics:
- Deposit to Coinbase Prime: 567 BTC
- Estimated Deposit Value: $38 million
- Withdrawal from Coinbase Prime: 4,376 BTC
- Estimated Withdrawal Value: $298 million
- Net Bitcoin Inflow: 3,810 BTC
- Estimated Net Value: $260 million
On March 3, 2026, at 18:09:11 UTC, a large Bitcoin transaction activity involving BlackRock was recorded through Coinbase Prime. The on-chain data shows both deposits and withdrawals of Bitcoin within the same operational window. According to the transaction record, 567 BTC was deposited to Coinbase Prime, while 4,376 BTC was withdrawn from Coinbase Prime during the same period. The combined transaction flow resulted in a net inflow of 3,810 BTC. A previous transaction on BlackRock Deposits 1,134 BTC Worth $74.95 Million to Coinbase.
At the time of the transfers, the recorded valuation of the assets placed the deposit at approximately $38 million and the withdrawal at approximately $298 million. Based on these values, the net inflow amounted to approximately $260 million. The activity reflects a large-scale movement of Bitcoin between institutional wallets and exchange-linked infrastructure associated with Coinbase Prime.
The data shows that the withdrawal volume significantly exceeded the deposited amount during the same reporting window. The total Bitcoin volume involved across both movements reached 4,943 BTC, representing an estimated $336 million in combined transaction value. All values are derived directly from the recorded Bitcoin amounts and their corresponding dollar equivalents at the time of the transfer.
On-Chain Patterns
The blockchain data reveals a structured transfer pattern involving both inbound and outbound movements between institutional custody infrastructure and exchange-linked wallets.
The deposit transaction moved 567 BTC into Coinbase Prime, indicating a transfer from an external wallet to the institutional exchange platform. The withdrawal transaction moved 4,376 BTC out of Coinbase Prime to an external wallet. The withdrawal exceeded the deposit by 3,810 BTC, resulting in a net Bitcoin movement away from the exchange platform.
The combined transaction activity demonstrates direct interaction between institutional wallet addresses and Coinbase Prime custody infrastructure. The transfers were executed as large-scale movements recorded on-chain with clearly defined transaction values and timestamps. This activity represents a measurable capital flow of Bitcoin between exchange-linked custody and external wallet infrastructure on March 3, 2026.
