Three Bitcoin Wallets Send 6,168 BTC Worth $498.5 Million to Coinbase Prime

Three large Bitcoin (BTC) wallets deposited a combined 6,168 BTC, valued at about $498.5 million, to Coinbase Prime.

Three wallets were involved in the movement. The total is the combined amount attributed to all three wallets, rather than a figure for one holder. At the stated valuation, the transferred BTC averaged about $80,800 per coin. That calculation uses the rounded $498.5 million total and the 6,168 BTC amount. The dollar figure values the BTC; it does not describe a separate cash deposit.

The transfer occurred about six hours before 06:43 UTC Wednesday, Oct. 28 (2:43 a.m. ET), placing it at approximately 8:43 p.m. ET Tuesday, Oct. 27 (00:43 UTC Wednesday). The timing is approximate because the observation was expressed as “six hours ago.” All 6,168 BTC were directed to the same named destination, Coinbase Prime. The reported valuation shows the scale of the three-wallet movement in U.S. dollar terms.