Recent on-chain transaction data reveals that BlackRock has transferred a significant amount of Bitcoin to Coinbase Prime, drawing attention from the crypto community and market observers. The movements come from wallets associated with BlackRock’s iShares Bitcoin Trust (IBIT).
Key Transaction Overview
The data shows multiple transfers conducted within a short time frame, all directed to Coinbase Prime deposit addresses.
BlackRock just deposited another 1,701 $BTC($115.2M) and 22,661 $ETH($44.5M) to Coinbase Prime.https://t.co/qmuDIrP9my pic.twitter.com/AxoghUGpf8
— Lookonchain (@lookonchain) February 17, 2026
In total, BlackRock moved 1,700.933 BTC, with an estimated value of $115 million. The transfers include multiple batches of 300 BTC, along with one transfer of 200.933 BTC.
Breakdown of the Transfers
The majority of the movements involved repeated transfers of 300 BTC per transaction, each valued at roughly $20.31 million. One smaller transaction of 200.933 BTC, valued at about $13.6 million, was also recorded.
Such structured transfers suggest operational or liquidity management, rather than sudden selling pressure. Institutional entities often split large transactions to reduce market impact and improve execution efficiency, BlackRock deposits 3,400+ BTC on feb 13.
Final Thoughts
BlackRock has transferred more than 1,700 BTC, valued at $115 million, to Coinbase Prime in coordinated transactions. While the exact purpose remains unclear, the structured nature of the transfers points toward liquidity or operational activity, rather than immediate market exits.
