Key Insights
- The US government controls a Bitcoin wallet from the Silk Road seizure.
- The government’s Bitcoin assets are currently valued at approximately $13.3 billion.
A crypto wallet known to be controlled by the US government recently transferred around 3,940 Bitcoin (BTC), worth around $241 million to Coinbase, according to data from Arkham Intelligence. The US government currently holds around $13,3 billion worth of Bitcoin.
Earlier in April, the government allegedly transferred 30,175 BTC, worth approximately $2 billion, from the same wallet to Coinbase.The transaction was split into three transfers, starting with a small test transfer of 0.001 BTC ($65) to a Coinbase Prime deposit address, followed by the main transfer of 1,999 BTC (around $130 million) to Coinbase. The remaining 28,176 BTC was sent to another government-controlled wallet, likely as part of a planned sale.This is a developing story: We’ll give updates on the situation as we learn more.
