BlackRock has moved significant amounts of cryptocurrency to Coinbase, according to on-chain data. The transfer includes 1,044 BTC and 7,557 ETH, totaling $114 million. This action marks the firm's latest involvement in digital asset movements.
On December 26, 2025, on-chain trackers detected a substantial transfer from BlackRock to Coinbase. The asset manager sent 1,044 bitcoin (BTC) and 7,557 ethereum (ETH), with the combined value reaching $114 million at the time of the transaction.
This move underscores BlackRock's ongoing engagement with cryptocurrencies, though specific reasons for the transfer were not disclosed in the available data. On-chain monitoring tools, which track blockchain transactions in real-time, flagged the activity, highlighting the transparency of public ledgers in the crypto space.
BlackRock, one of the world's largest investment firms, has been increasingly active in the digital asset market. This latest transfer to Coinbase, a major U.S.-based cryptocurrency exchange, adds to the firm's portfolio adjustments in bitcoin and ethereum. No further details on the purpose—whether for custody, trading, or other operations—were provided.
The event reflects broader trends in institutional adoption of cryptocurrencies, where large players like BlackRock utilize exchanges like Coinbase for secure handling of digital assets.
