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Home News Market Updates

BlackRock Receives 4,309 BTC Worth $289.6 Million

BlackRock Wallet Records $289.6 Million Bitcoin Inflow in Single On-Chain Transaction

by Sathish Kumar K
February 27, 2026
in Market Updates
0 0
BlackRock Deposits 1,134 BTC Worth $74.95 Million to Coinbase (Mar 2)

BlackRock Investment Management & Financial Services” by Anthony Quintano, CC BY 2.0

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On February 26, 2026, at 16:24:22 UTC, a wallet associated with BlackRock received 4,309 Bitcoin (BTC). Based on the transaction value recorded at the time, the transfer was worth approximately $289.6 million. The movement was confirmed through on-chain transaction records.

BlackRock Receives 4,309 BTC Worth $289.6 Million
BlackRock Receives 4,309 BTC Worth $289.6 Million

The transfer represents a single, large-scale inflow of BTC to the identified wallet. The transaction was completed at a recorded timestamp of 16:24:22 UTC. No additional outgoing transfers were recorded in connection with this specific transaction at the time of observation. A previous transaction on February 25 recorded BlackRock sending 1,134 BTC worth $74.18 million to Coinbase.

Data Highlights

The total amount received in the transaction was 4,309 BTC. The recorded value of the transfer was approximately $289.6 million. The activity occurred on February 26, 2026, with the precise on-chain timestamp logged at 16:24:22 UTC.

The value was calculated using the execution price at the time of the transaction, providing an exact on-chain estimate rather than a projected or average price reference.

The transaction reflects a direct inflow rather than an internal transfer between linked addresses. The movement was recorded as an incoming transfer to a wallet associated with BlackRock, without fragmentation into multiple smaller transactions.

On-Chain Patterns

The transaction consists of a single large-value BTC transfer recorded on-chain. These include a high-value, single-transfer structure and precise timestamp recording. The movement did not involve multiple intermediary wallet hops, indicating a direct transfer path.

The BTC was transferred in a single consolidated transaction rather than multiple smaller transactions. The absence of rapid follow-up movements from the receiving wallet indicates that the BTC remained held at the destination address after receipt.

The transaction records a large-scale BTC inflow to a wallet associated with BlackRock. The transfer data provides a clear record of through direct on-chain movements, reflecting measurable institutional participation based on transaction volume and wallet activity.

Disclaimer: Cryip is an independent media and research outlet providing news, data, and analysis on the cryptocurrency industry. Content is for informational and research purposes only and does not constitute financial, legal, tax, or investment advice. Cryptocurrency markets are volatile and past performance is not indicative of future results. References to specific assets, platforms, or incidents are for journalistic purposes only and do not imply endorsement, and readers assume full responsibility for their decisions.
Tags: BitcoinBlackRockBTCCoinbase

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