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BlackRock Acquires 1,404.5 Bitcoins Valued at $109.35 Million

BlackRock has acquired 1,404.5 bitcoins, amounting to approximately $109.35 million. The transaction was reported by Onchain Lens, which noted that the bitcoins were transferred to BlackRock's IBIT wallet from Coinbase Prime.

The IBIT wallet is associated with BlackRock's spot bitcoin exchange-traded fund (ETF), which aims to provide institutional investors with exposure to bitcoin. Coinbase Prime, known for its custody and trading services, facilitated the transaction for BlackRock.

© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: KLEA News

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