• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

US Government Transfers 10,000 BTC to Coinbase Prime

user avatar

by Giorgi Kostiuk

a year ago

  1. Bitcoin Transfer
  2. Transaction History
  3. CoinGecko Research


    4. A Bitcoin address that received a transfer of 10,000 BTC from a wallet owned by the US government two weeks ago has now transferred the full amount to a deposit wallet on Coinbase Prime.

    Bitcoin Transfer

    The 10,000 BTC sent to the deposit wallet on Coinbase Prime represents a portion of the crypto confiscated from the now-defunct illicit online marketplace Silk Road, with a value exceeding $592 million.

    Transaction History

    On April 2, the US government transferred 31,800 BTC to a separate wallet and has subsequently been disseminating this quantity to various addresses. Arkham Intelligence, an on-chain data platform, reports that the US government currently possesses more than $1 billion worth of Bitcoin (BTC) associated with Silk Road. The most recent recorded transaction involving Silk Road’s BTC hoard occurred in March 2023, when the United States sold 9,861.17 BTC.

    CoinGecko Research

    Recent research by CoinGecko, published in late July, disclosed that governments worldwide possess over 483,400 BTC. The United States government has the highest position, with a total of 213,297 BTC in its possession.

    Bitcoin has shown resilience in the face of US government actions, with a modest 0.5% price fluctuation in the past hour.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Coinbase Faces Ongoing Security Challenges

chest

Coinbase faces ongoing security challenges due to multiple incidents, including a significant cyber attack in May 2025 that could cost up to $400 million.

user avatarNguyen Van Long

EU Investigates Elon Musk's xAI for Deepfake Allegations

chest

The European Union is investigating xAI, founded by Elon Musk, for allegations that its AI tool Grok has been used to create nonconsensual explicit images, raising regulatory concerns about AI ethics.

user avatarJacob Williams

Ethereum's Fee Decline Validates Layered Scaling Roadmap

chest

Ethereum's fee decline is seen as validation of the network's layered scaling roadmap, showcasing progress towards a more efficient blockchain.

user avatarSon Min-ho

Ethereum Network Fees Drop to Lowest Levels Since 2017

chest

Ethereum network fees have dropped to their lowest average since May 2017, enhancing usability and accessibility for users and developers.

user avatarZainab Kamara

Trump's Tariff Proposal: Geopolitical Consequences for US-South Korea Relations

chest

The announcement of a potential 25% tariff on South Korean goods carries significant geopolitical weight.

user avatarAyman Ben Youssef

Financial Markets React to Trump's Tariff Announcement

chest

Financial markets reacted negatively to Trump's proposed 25% tariff on South Korean goods, leading to a 15% depreciation of the Korean won and significant declines in stocks of major exporters.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.