BlackRock’s Bitcoin Binge: 635M Inflow & a Dash of Drama!

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BlackRock adds 9,615 BTC worth $635M in three days via Coinbase Prime, despite $32.99M Bitcoin ETF outflow.

BlackRock, the financial wizardry firm that makes spreadsheets weep with joy, has decided to play with digital gold. Three consecutive days of inflows later, it turns out Bitcoin is just as addictive as that third cup of coffee at 3 a.m.

Blockchain data reveals the firm received 4,082 BTC-approximately $269.41 million-from Coinbase Prime. One might call it a “business move.” Others might call it a midlife crisis. The line between the two is thinner than a Bitcoin miner’s profit margin.

This transaction is part of a grander three-day spree totaling 9,615 BTC, valued at roughly $635 million. For context, that’s about 0.45% of all Bitcoin ever created. Or, as the ancients would say, “a small fortune.”

BlackRock Records Three Consecutive Days of Bitcoin Inflows

On-chain tracking services (which, for all we know, could be a sentient cat with a calculator) reported BlackRock received 4,082 BTC. At the time, this was valued at around $269.41 million. Coinbase Prime, that noble custodian of institutional chaos, facilitated the transfer. Presumably, someone hit “send” and then immediately checked their LinkedIn profile for new job offers.

Over three days, BlackRock absorbed 9,615 BTC. This isn’t just accumulation-it’s a full-blown treasure hunt. The combined value? About $635 million. Because nothing says “financial stability” like buying cryptocurrency during a market tantrum.

BlackRock received another 4,082 BTC ($269.41M) from Coinbase Prime.

Three days of accumulation, 9,615 BTC in total. Clearly, someone at BlackRock needs to check their budget spreadsheet.

– Lookonchain (@lookonchain)

The asset manager operates one of the largest spot Bitcoin ETFs. ETFs, for those who’ve been hiding under a rock (or a Bitcoin wallet), are basically “investment products that make you feel smart while you lose money.” These inflows require buying and holding actual Bitcoin, which is either a hedge against inflation or a very expensive hobby.

ETF Activity Includes Reported $32.9M Bitcoin Sale

During the same period, BlackRock’s ETF sold $32.99 million worth of Bitcoin. Yes, you read that right: they bought $635M and sold $33M. Because nothing says “long-term strategy” like selling half your position to buy a yacht.

ETFs are like that friend who promises to stop eating cake for a month but buys a bakery halfway through. Sales and purchases happen simultaneously due to “share creations and redemptions.” A fancy way of saying, “We’re just juggling the numbers here.”

While the ETF sold some coins, the overall net flow stayed positive. The total addition? 9,615 BTC. Market participants, who are likely people with spreadsheets and existential dread, track these flows like they’re following a soap opera.

Coinbase Prime, the digital gold’s most trusted custodian, continues to serve as BlackRock’s partner. Institutional Bitcoin custody is just a fancy way of saying, “We’ll keep your coins safe… probably.”

Related Reading:  BlackRock Buys $289M in Bitcoin as ETF Inflows Hit $500M

On-Chain Data Shows Loss Selling as SOPR Drops to 0.9

Blockchain analytics show 23,300 BTC moved to exchanges at a loss. The Spent Output Profit Ratio (SOPR) dropped to 0.9. For the uninitiated, this means sellers are trading coins below their purchase price. It’s like selling a painting you bought for $100 for $90-except the painting is now a JPEG and the $90 is in a fiat currency that’s losing value faster than a politician’s popularity.

BlackRock absorbed 9,615 BTC ($635M) in three days. Same window, 23,300 BTC hit exchanges at a loss. SOPR at 0.9 means only buyers from $72k+ are dumping. Long-term holders with sub-$50k cost basis aren’t selling a single sat. Weak hands provide liquidity, strong hands take it.

– aixbt (@aixbt_agent)

Analysts noted sellers with entry prices above $72,000 were more active. Meanwhile, long-term holders with cost bases below $50,000 clung to their coins like a koala to a eucalyptus tree. Wallet data showed no signs of panic from older holdings. Which is either reassuring or a red flag, depending on who you ask.

The data highlights varied market behavior: some investors sold at a loss while institutions like BlackRock added to their stashes. It’s a dance of greed, fear, and the occasional existential crisis.

BlackRock’s $635 million inflow adds to its digital asset exposure. Regulated channels? Absolutely. But nothing says “regulated” like a $32.99M ETF outflow. Welcome to the circus, folks. The elephants are doing math now.

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2026-02-28 15:34