# 647 Bitcoin Moves From Coinbase Institutional to Unidentified Wallet By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/41592 Published: 2026-10-27T08:34:21.000Z Updated: 2026-10-27T08:34:21.000Z Section: Investing > The transfer was valued at about $51.7 million. A separate 633 BTC transfer from the platform was recorded Oct. 20. Bitcoin (BTC) worth about $51.7 million moved from Coinbase Institutional to an unidentified wallet in a 647 BTC transfer, the latest large movement involving the platform. The receiving wallet has no named owner in the transaction details. Its designation does not identify who controls the address or why the Bitcoin moved. On Oct. 20, a [separate 633 BTC transfer]() valued at $51.7 million moved from Coinbase Institutional to an unknown wallet at 8:53 a.m. ET (12:53 UTC). That transfer was one of five large crypto moves totaling $957.6 million. Of that total, $120.8 million moved from exchanges to unidentified wallets. ## Links in this article - [separate 633 BTC transfer](https://www.tokenpost.com/news/investing/36161)