BlackRock has made a significant cryptocurrency investment by depositing over $250 million in Bitcoin and Ethereum into Coinbase. According to Onchain Lens, the asset management giant transferred 3,580 BTC, valued at approximately $227 million, and 15,095 ETH, worth around $25.17 million, to the exchange. This move underscores BlackRock's growing involvement in the cryptocurrency market.
BlackRock Deposits $250 Million in Bitcoin and Ethereum to Coinbase
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