Coinbase Stock Rises 6% Following BlackRock’s $244.35M Deposits
Coinbase Stock Rebound
- Coinbase's stock price increased by 6% on Monday, reaching an intraday high of $334.38.
- The company's market capitalization rose to $85.81 billion.
- COIN's performance is often seen as an indicator of institutional interest in digital assets.
BlackRock's Significant Deposits
- BlackRock deposited 49,607.8 ETH ($206.17 million) and 340.5 BTC ($38.18 million) into Coinbase Prime.
- This follows a similar transaction earlier in September with 4,538 ETH and 293.6 BTC.
- BlackRock holds approximately 60,818 BTC valued near $86 billion and 13,158 ETH worth $16 billion.
- These transactions signify confidence in Coinbase Prime's infrastructure amid competition from new entrants like US Bancorp and State Street.
Best Wallet Presale Success
- Best Wallet, a multi-chain storage solution, has raised over $16.1 million in its token presale.
- The solution targets the $11 billion non-custodial wallet market with institutional-grade security.
- Tokens are currently available at $0.0257 with early-holder benefits before the next price increase.
