BlackRock Moves 4,113 BTC Worth $429.4 Million to Coinbase Prime, Signaling Bitcoin Sale

BlackRock has initiated the sale of Bitcoin for the first time in over a month by transferring 4,113 BTC, valued at approximately $429.4 million, to Coinbase Prime.

This move marks a shift from the company's recent pattern of consistent Bitcoin purchases. The transfer was reported on June 2, 2025, and represents a significant transaction in the cryptocurrency market involving one of the largest asset management firms globally.

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