• 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

2 years 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

Adobe Stock Price Targets Adjusted by Analysts Following CEO Exit

chest

Following the CEO's departure, multiple firms have adjusted their price targets for Adobe stock, reflecting market uncertainty.

user avatarMaria Fernandez

Adobe Stock Price Plummets After CEO Shantanu Narayen Steps Down

chest

Adobe's stock price dropped nearly 9% after CEO Shantanu Narayen's departure announcement, despite strong Q1 2026 earnings.

user avatarKenji Takahashi

SEC Proposes Significant Change to Rule 15c211, Excluding Crypto Assets

chest

The SEC proposed an amendment to Rule 15c211, limiting its application to equity securities and excluding crypto assets.

user avatarGustavo Mendoza

AIntuition Collection Set to Transform NFT Landscape with Real-World Benefits

chest

The AIntuition Collection is set to launch, offering 15,000 NFTs that provide real-world utility and exclusive services.

user avatarRajesh Kumar

Shiba Inu Shorts Liquidated in Dynamic Squeeze

chest

Shiba Inu has experienced a significant rally, resulting in the liquidation of shorts worth $50,000 in just 24 hours.

user avatarMiguel Rodriguez

Generation Z Faces Severe Challenges in Home Affordability

chest

Generation Z is facing severe challenges in affording housing, with many resorting to significant sacrifices. Reports indicate that potential homebuyers may need to earn $111,000 a year to afford a typical home in the US, which is $25,000 more than the median household income. To cope with these high costs, Gen Z is making drastic lifestyle changes, including selling their belongings, moving back in with their parents, and taking on side hustles.

user avatarArif Mukhtar

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.