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24 February 2021

Two Whales Just Withdrew a Billion Dollars From Coinbase - Decrypt

Two Whales Just Withdrew a Billion Dollars From Coinbase - Decrypt


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Last night, Whale Alert tweeted that4,501 BTC had left Coinbasefor an unknown wallet, meaning in the past 24 hours more than a billion dollars worth of Bitcoin has been transferred out of Coinbase, though it’s not known whether the transactions are related.

Assuming Tesla hasn’t sold any of it, Elon Musk’s electric car company will haveprofited more from this purchasealone than from the combined sales of its cars last year. 

Another huge bit of institutional interest came from asset management company BlackRock, whose CIO Rick Rieder announced thatthe firm is investingsome of its clients’ $8.67 trillion money pot into Bitcoin. 

And BNY Mellon, one of America’s oldest banks, announced last week that it wouldadd crypto asset management servicesfor its clients

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