🇺🇸 U.S. GOVERNMENT MOVES 833.6 BTC TOWARD COINBASE PRIME

Wallets linked to the U.S. government moved a significant amount of Bitcoin on Tuesday.

According to on-chain tracking data, approximately:

833.6 BTC

worth about:

$71.6 MILLION

was transferred from government-linked wallets.

The Bitcoin came from assets seized in two separate cases:

• Potapenko / Turogin forfeited funds
• Bitcoin recovered from the Bitfinex hack

The BTC first moved to intermediary addresses.

Those addresses later sent the coins to wallets identified by Arkham as:

COINBASE PRIME DEPOSIT ADDRESSES

Important:

A transfer is NOT the same thing as a confirmed sale.

Moving Bitcoin to Coinbase Prime could potentially be related to:

• Custody
• Settlement
• Asset administration
• A future sale

Blockchain data alone does not prove which one.

The U.S. government also moved roughly $31.6 million in BNB from assets seized from Alameda Research.

Altogether, more than:

$100 MILLION

in government-linked crypto moved during the day.

The U.S. still controls roughly $27.5 billion worth of seized cryptocurrency.

So the real story is not that Washington sold Bitcoin.

It is that one of the world's largest government-controlled crypto portfolios is moving again.

@BitcoinNews