BlackRock has transferred a significant amount of digital assets to Coinbase, according to on-chain data. The latest transaction took place on February 23, 2026, at 11:52:02 UTC, involving both Bitcoin and Ethereum based on OnchainLens.
The firm deposited 1,134 BTC worth approximately $75 million and 7,553 ETH valued at around $14.46 million to Coinbase.The transfers have been observed on-chain, with large institutional movements typically tracked by analysts and blockchain data providers.
Continued Institutional Activity: The deposits occurred alongside other recent on-chain transactions involving large cryptocurrency holders. Large transfers to centralized exchanges such as Coinbase are commonly recorded and analyzed using on-chain data.
Market Context
Institutional participation in digital assets has increased in recent years. Firms such as BlackRock have expanded their involvement in the cryptocurrency market.
Large on-chain transactions are monitored by analysts to track capital movements. These transfers are recorded in public blockchain data.
BlackRock’s latest deposit of 1,134 BTC and 7,553 ETH to Coinbase highlights the continued involvement of traditional financial institutions in the crypto space. Earlier activity also showed BlackRock transferring 2,563 BTC and 49,852 ETH to Coinbase Prime on February 20.
