GBTC Fund Transfers 8,730 BTC to Coinbase Prime Amid Bitcoin Price Stabilization
The Grayscale Bitcoin Trust (GBTC) has recently made a significant transfer of 8,730 Bitcoin (BTC) to Coinbase Prime deposit addresses, amounting to over $376 million. This move comes as the Bitcoin price has shown signs of stabilization after a period of decline. The transfer of such a large amount of BTC suggests that the GBTC fund may have been compelled to sell some of its Bitcoin holdings in response to the decline in its share price.
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