The post Coinbase Moves $859M in Bitcoin to New Wallets, May Signal Institutional Reserve Shift appeared on BitcoinEthereumNews.com.
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 PlatformLeverage 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. Source: https://en.coinotag.com/coinbase-moves-859m-in-bitcoin-to-new-wallets-may-signal-institutional-reserve-shift/