Coinbase moved 7,625 BTC (about $859 million) into 50 newly created wallets, split into ~150 BTC parcels, indicating a structured institutional transfer and coordinated custody reshuffling rather than retail withdrawals.
Over $859 million in Bitcoin was moved from Coinbase to new wallets, marking a strategic shift involving large institutional flows.
Coinbase moved 7,625 BTC ($859M) into 50 new addresses, mostly in 150 BTC parcels.
The parcelized transfers and quick spending of many outputs signal institutional custody activity.
On-chain tracing shows rapid redistribution: 7,504 BTC routed in even parcels; a 121 BTC remainder stayed unspent.
Coinbase Bitcoin transfer: 7,625 BTC moved to new wallets, indicating institutional custody shifts. Read the on-chain analysis and implications now.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
The Coinbase Bitcoin transfer is an on-chain movement of 7,625 BTC (roughly $859 million) sent from Coinbase to 50 newly created wallets, mostly in ~150 BTC parcels. The distribution pattern and rapid onward spending indicate this was a structured institutional custody operation, not typical retail withdrawals.
Coinbase split the 7,625 BTC into evenly sized parcels — mostly 150 BTC each — and sent them to 50 fresh addresses. This parcelization reduces traceability and supports custody, settlement, or internal rebalancing workflows. On-chain monitoring shows many outputs were subsequently spent, confirming active redistribution rather than long-term hodling.