According to ChainCatcher news, according to Arkham monitoring, Grayscale transferred 2315.557 BTC to the Coinbase Prime address at 22:26 Beijing time on February 22, equivalent to approximately US$118 million.

In addition, Grayscale also transferred 1,650.121 Bitcoins (approximately $84.29 million) to two new addresses, which are suspected to be Grayscale’s new custody addresses.