BlackRock Reverses Course With $150 Million Bitcoin and Ethereum Accumulation

• BlackRock withdraws $150 million in Bitcoin and Ethereum
• On chain data shows ETF linked wallet accumulation
• Monthly sales pattern shifts toward renewed crypto purchases

BlackRock has returned to buying Bitcoin and Ethereum after weeks of steady selling, according to fresh on chain data. According to on chain tracker The Data Nerd, the asset management firm withdrew 2,086 BTC and 8,459 ETH from Coinbase within 24 hours. The total value of the assets reached about $150 million at the time of transfer.

ETF Wallet Activity Signals Strategic Shift

The withdrawn Bitcoin was valued at roughly $135 million, while the Ethereum totaled about $15.8 million. These assets moved into wallet addresses associated with BlackRock’s IBIT Bitcoin and ETHA Ethereum exchange traded funds. Consequently, the transactions represent a shift from the firm’s earlier February activity.

During the first half of February, BlackRock reduced its crypto exposure through notable market sales. On Feb. 6, the company offloaded Bitcoin and Ethereum worth $292 million amid declining prices. A week later, it sold another batch valued at $257 million despite signs of a short term recovery. However, the latest withdrawals indicate renewed accumulation.

Also Read: XRP Multi-Year Structure Holds Firm as EGRAG Insists Nothing Has Changed

Data from Arkham Intelligence shows BlackRock’s total crypto holdings now stand at approximately $53.5 billion. Most of these assets consist of Bitcoin and Ethereum. The fresh purchases come as both cryptocurrencies continue to trade below previous highs. Bitcoin has fallen nearly 50% from its October 2025 all time high of $126,000. In the past 24 hours, it dropped from $66,592.02 to $62,709.82.

At the time of writing, Bitcoin trades at $63,229.56, marking a 3.9% daily decline. Meanwhile, its trading volume increased by 22.61% to $44.09 billion. Ethereum has also recorded losses over the same period. The asset currently trades at $1,825.52, reflecting a 3.2% decline in 24 hours. Additionally, Ethereum’s trading volume rose by 24.74% to $20.79 billion.

Monthly Pattern of Sales and Repurchases Emerges

Since the start of 2026, BlackRock has displayed a recurring pattern in its crypto transactions. The firm has often begun each month with significant sales of Bitcoin and Ethereum. Toward the end of the month, it has reversed course with measured repurchases. For example, in the final week of January, BlackRock stopped its outflows by acquiring $15.9 million worth of digital assets. This latest $150 million withdrawal follows that broader pattern of offloading and buying back.

Also Read: Vitalik Buterin Offloads 10,723 ETH as Market Slides 38%

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