Regulation· ★★★★· neutral·

US government moves 12,267 BTC worth $1.01B to Coinbase Prime

  • —12,267.02 BTC (~$1.01B) sent to Coinbase Prime on Oct. 8
  • —17,795–21,500 BTC worth $1.5–1.78B moved Oct. 6–8
  • —About half of the coins trace to the 2016 Bitfinex seizure
  • —US government holdings estimated at 307,000–325,000 BTC (~$25B)
Why it matters: The market reacts fast to government wallet activity even without a confirmed sale, and the Strategic Bitcoin Reserve bars selling.
#BTC
Source: The Cryptonomist (IT)
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