US Government Moves 21,528 Bitcoin Worth $1.78B to Coinbase Prime
- —First transfer: 9,261 BTC worth $770M sent to a Coinbase Prime address for seized assets
- —Second transfer: 12,267 BTC worth $1.01B from a wallet labeled U.S. Government: Bitfinex
- —2,456 BTC in the first batch had no prior link to the US government, hinting at a new seizure
- —In July, the government already moved about $297M in crypto to Coinbase Prime
Why it matters: Moving large BTC volumes to an exchange venue fuels sell-off fears and price pressure, though some coins are shielded by Trump's strategic reserve policy.
Source: Newsbit
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