The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CryptoMedium•24 February 2026•

1 min read

BlackRock Accumulates $150 Million in BTC and ETH via Major Coinbase Withdrawals

A composite image showing Bitcoin coins, financial dashboards with charts and data, and arrows indicating capital outflow and fund withdrawal.

Key Facts

1BlackRock withdrew 2,086 BTC ($135M) and 8,459 ETH ($15.8M) from Coinbase.

2The total value of cryptocurrency withdrawals amounted to approximately $150 million within 24 hours.

BlackRock, the world's largest asset manager, has executed a significant transfer of digital assets from Coinbase to private custody. On-chain data reveals the withdrawal of 2,086 BTC and 8,459 ETH, totaling approximately $150 million within a single 24-hour window. This strategic move follows a period of intense selling pressure across the cryptocurrency markets throughout February. Analysts interpret such large-scale exchange outflows as a clear signal of institutional accumulation and a shift toward long-term holding strategies. By moving assets into cold storage, BlackRock effectively reduces immediate sell-side liquidity, signaling renewed confidence in the market's recovery. The transaction highlights the persistent institutional appetite for Bitcoin and Ethereum despite recent price volatility.