CryptoMedium•29 October 2026•
1 min read
BlackRock's IBIT ETF Acquires $276M in Bitcoin via Coinbase Prime
Key Facts
1BlackRock's IBIT wallets accumulated 3,441.176 BTC, valued at approximately $276 million.
2The acquisition of the Bitcoin assets was conducted through Coinbase Prime.
BlackRock's IBIT ETF wallets accumulated 3,441.176 BTC, valued at approximately $276 million. AMBCrypto reported that the acquisition of these digital assets was conducted through the Coinbase Prime platform.
This expansion of BlackRock's holdings occurred as BLK shares closed at $1157.88 on October 28, 2026. On the same date, shares of COIN, the operator of Coinbase Prime, closed at $162.32, reflecting continued institutional reliance on spot ETFs to gain exposure to the cryptocurrency market.