According to Arkham monitoring, Grayscale transferred about 4,989.24 BTC to the Coinbase Prime address at around 22:12 Beijing time on March 8, worth about $338 million. In addition, Grayscale also transferred 2,400 bitcoins (worth about $162.7 million) to three new addresses, which are suspected to be Grayscale's new custodial addresses.

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