U.S. Government Moves $103 Million in Seized Bitcoin and BNB, Sending BTC to Coinbase Prime
On-chain analysts said the transfers could be custody moves, but no federal agency has announced a sale.
- On Tuesday, government-linked wallets transferred more than $100 million in crypto, including 833.6 BTC worth $71.56 million and 40,285 BNB valued at $31.63 million, according to blockchain intelligence firm Arkham.
- The Bitcoin was sent to Coinbase Prime while BNB passed through multiple addresses to an unlabeled wallet. EmberCN data confirms the BTC reached the custody platform, though this does not establish whether a sale occurred.
- President Donald Trump signed an executive order in March 2025 establishing the Strategic Bitcoin Reserve and Digital Asset Stockpile. Bitcoin deposited into the reserve "shall not be sold," though the restriction excludes other cryptocurrencies like BNB.
- "A transfer is not the same as a sale," market commentator Jose Rosell said on X. The U.S. Marshals Service uses Coinbase Prime for custody, and no federal agency has announced a sale connected to the transfer.
- Government-Linked addresses still hold around $28 billion in digital assets, with Bitcoin accounting for most of the total. The Treasury determines management strategies for non-Bitcoin assets, including the BNB recently moved from Alameda Research holdings.
21 Articles
21 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…
Crypto News: U.S. Government Shifts 833 BTC and 40,285 BNB in New Transfers
Key Insights: Crypto news focused on U.S.-linked government wallets after they moved more than $103 million in Bitcoin and BNB on Oct. 6. The transfers involved 833.599 BTC worth roughly $71.56 million and 40,285 BNB valued near $31.63 million. The Bitcoin later reached addresses identified by Arkham as Coinbase Prime deposit addresses. However, blockchain data […]
US Government Moves $103 Million in Seized Bitcoin and BNB, But Hasn't Said Why
Government-labeled wallets sent 833.6 BTC to Coinbase Prime deposit addresses and shuffled 40,285 BNB. No sale is confirmed, but the stash behind it is the largest any government holds in Arkham's ranking.
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