Grayscale’s 4,018.2 BTC Transfer to Coinbase Prime Creates Frenzy

• Grayscale transferred 4,018.2 BTC worth $209 million to Coinbase Prime Deposit on February 16.
• The asset manager moved 821.1 BTC to a new address, which is suspected to be Grayscale’s new custody address.
• In February, Grayscale was involved in a total shift of 6,940.4 BTC, worth $360 million, to Coinbase Prime.

Grayscale’s movement of Bitcoin has been creating ripples in the community over the past few days. As per the blockchain intelligence platform Arkham’s report, Grayscale transferred over 4000 Bitcoins to Coinbase Prime in the most recent move.

Chinese reporter Colin Wu’s Wu Blockchain page on X shared insights on Grayscale’s massive move of 4,018.2 BTC to Coinbase Prime Deposit address. Reportedly, the Bitcoins worth $209 million has been moved on February 16. In addition, Grayscale shifted 821.1 BTC to a new address, suspected to be the asset manger’s new custody address.

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