Belldel Transfers 657.962 BTC to Coinbase Prime in 20 Minutes Worth $57.83 Million

COINOTAG News, citing Arkham Monitoring on December 30, reports that Belldel executed a Bitcoin transfer of 657.962 BTC to Coinbase Prime within an approximate 20-minute span, valued at about $57.83 million.

This activity highlights ongoing reliance on institutional venues for high-value digital asset movements, with prime custody platforms enabling efficient transfers while analytics firms monitor on-chain flows. The data from Arkham Monitoring corroborates a pattern of sizable allocations shifting toward reputable exchanges, adding credibility to reported market activity and emphasizing governance and control in crypto operations.