U.S. government moves over $100 million in bitcoin (BTC) and BNB.
Blockchain analysts said 833.6 BTC reached Coinbase Prime, where a deposit can support custody or trading, but no sale has been announced.
- On Tuesday, wallets linked to the U.S. government transferred approximately $103 million in seized cryptocurrency, including 833.6 Bitcoin and 40,285 BNB, according to blockchain intelligence firm Arkham Intelligence.
- These assets trace to past enforcement actions, including the HashFlare case involving Sergei Potapenko and Ivan Turogin, the Bitfinex hack, and seizures from Alameda Research.
- Records show 833.6 Bitcoin worth about $71.6 million moved to Coinbase Prime, while 40,285 BNB valued at $31.63 million reached a fresh, unlabeled wallet address.
- Analysts note that a transfer does not confirm a sale; a March 2025 executive order mandates forfeited Bitcoin be held in the Strategic Bitcoin Reserve and "shall not be sold."
- Beyond this transaction, the government continues to hold approximately $27.5 billion in digital assets, with the Treasury Department managing other forfeited tokens through a separate Digital Asset Stockpile.
25 Articles
25 Articles
Why did the US government send $71M in Bitcoin to Coinbase Prime?
US government linked wallets have transferred $103 million in Bitcoin and BNB, sending more than $71 million in BTC to Coinbase Prime as the transaction raises questions over whether the assets could be headed for a sale. According to on…
US Government Wallets Move $103 Million in Seized Bitcoin and BNB, With No Explanation
Wallets controlled by the US government shifted about $103 million in seized crypto on Tuesday, October 7. The activity has traders wondering whether Washington is preparing to sell. No official statement has been issued, and the purpose of the transfers is unconfirmed. Blockchain analytics firm Arkham Intelligence tracked two separate batches leaving government-linked addresses within roughly nine hours. The first was 833.6 BTC, worth about $71…
$71.6 million worth of Bitcoin and $31.6 million worth of BNB were transferred from wallets linked to the US government. The transactions were not confirmed to have been for sale. Blockchain analytics company Arkham tracked US government-linked wallets that processed Bitcoin and BNB transfers totaling over $100 million. The transactions sparked speculation that the assets might be sold, but no sales have been confirmed. According to the data, th…
Court Restitution and Corporate Treasuries Challenge the "Government Dumping" Narrative
Wallets tied to the U.S. government sent 833.6 BTC, about $71.6 million, to Coinbase Prime on October 6 and 7, according to Arkham Intelligence . The same wallets also moved 40,285 BNB linked to the Alameda Research case. It was the first activity from these wallets since August 26, and the "governm…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
