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Bitcoin, XRP See Major Moves: BlackRock Transfers $429M BTC to Coinbase, Ripple Marks 13th Anniversary

Discover the latest crypto developments as BlackRock moves $429M BTC to Coinbase, Ripple marks XRP's 13th birthday with massive transfers, and Michael Saylor's Strategy adds more Bitcoin to its holdings.
Published on 2025-06-03

BlackRock Transfers $429M in Bitcoin to Coinbase Prime

In a significant move, BlackRock transferred 4,113 BTC, valued at approximately $429 million, to Coinbase Prime. This marks the institution's first major selling activity after a month of consistent buying. The transfer, consisting of precise 300 BTC chunks, suggests a deliberate strategy. Coinbase Prime is primarily used by institutions for selling or rebalancing, raising speculation about BlackRock's intentions. This move coincides with a notable outflow from BlackRock's IBIT fund, which lost over $430 million on May 30. Bitcoin's price has dropped from $112,000 to $104,000 recently, adding to market intrigue.

Ripple Celebrates XRP's 13th Anniversary with Major Transfers

Ripple marked XRP's 13th birthday with substantial token movements. Whale Alert reported 330 million XRP transferred from an unknown wallet to Ripple, followed by 670 million XRP locked in escrow. Additionally, 130 million XRP were moved to unknown wallets across three transactions. These actions align with Ripple's standard practice of releasing one billion XRP tokens monthly. Currently, XRP is the fourth-largest cryptocurrency, boasting a $131 billion market cap. This comes after Ripple's legal victory over the SEC, which boosted XRP's performance in late 2023.

Michael Saylor's Strategy Adds 705 BTC to Holdings

Michael Saylor's company, Strategy, purchased an additional 705 BTC, worth $75.1 million, increasing its total Bitcoin holdings to 580,955 BTC. Valued at over $60 billion at current prices, Strategy's Bitcoin portfolio reflects consistent buying activity, with an average purchase price of $70,023 per BTC. Saylor highlighted a 16.9% Bitcoin yield year-to-date in 2025, signaling strong returns. The CEO hinted at further acquisitions, continuing Strategy's near-weekly Bitcoin purchases.

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