US multinational investment giant BlackRock has doubled down on selling Bitcoin and Ethereum as the overall market has not yet fully recovered. Market data from Onchain Lens for the last 24 hours show The company deposited 3,402 Bitcoins into Coinbase.
Mixed buying and selling of Blackrock
In addition to the $227.5 million in Bitcoin sales, BlackRock also transferred millions of dollars in Ethereum, a trend that occurs multiple times a week.
According to shared data, the company transferred 15,108 Ethereum (worth $29.52 million) to top American trading platforms. Screenshots accompanying the update show fragmented transfers for these transactions.
These transfers include multiple units of 300 $BTC10,000 $ETH and 5,180 $ETHrespectively. BlackRock is considered a net seller of both assets, contributing to intense selling pressure on the crypto market.
As previously reported by U.Today, BlackRock sold $671 million in Bitcoin And one of the biggest dump-offs recently, Coinbase’s Ethereum.
BlackRock deposited 3,402 $BTC ($227.5 million) and 15,108 $ETH ($29.52 million) has been deposited into #Coinbase, with more likely to be deposited. https://t.co/pyOLoPpL7H?from=article-links pic.twitter.com/8tECfLliWz
— Onchain Lens (@OnchainLens) February 13, 2026
The company appears to be shrinking its holdings in Bitcoin and Ethereum ETFs, but some days it brings in more assets. As of February 10, BlackRock recorded $26.5 million in inflows into its iShares Bitcoin Trust, according to data from Farside Investors.
However, this does not offset the increase in declines recorded recently. The move comes as Bitcoin prices are in rebound mode, rising 0.8% in 24 hours to $66,916.05.
Net buyers of Bitcoin and Ethereum
While BlackRock is selling, other financial institutions like Michael Saylor Strategy are net-buying Bitcoin. Earlier this week, the business intelligence and software company I bought Bitcoin because the price went down. towards the $60,000 range.
The company has reiterated that it has no plans to sell its Bitcoin holdings, a move that has restored confidence in the midst of the BlackRock dumping.
In the case of Ethereum, bitmine and Sharplink Gaming continue to rely on staking to make new acquisitions to cushion the negative price impact. Although the current cryptocurrency market sentiment is negative, there are also predictions that this era could herald a major rebound.
