• 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

Bitcoin Hyper Launches, Enhancing Bitcoin Network Efficiency

chest

Bitcoin Hyper has launched a revolutionary Layer-2 solution that integrates the Solana Virtual Machine directly into the Bitcoin network, enhancing transaction speed and reducing costs.

user avatarKenji Takahashi

Bitcoin Dips Below $87,000 Amid Late-Cycle Volatility

chest

Bitcoin's recent drop below $87,000 highlights the volatility in the cryptocurrency market, prompting traders to explore alternative investment strategies.

user avatarMaria Fernandez

Derivatives Market Stabilizes, Signaling Shift in Investor Sentiment

chest

The derivatives market is stabilizing as funding rates normalize and implied volatility decreases, signaling a shift in investor sentiment.

user avatarGustavo Mendoza

Factors Influencing ONDO Token Price Predictions

chest

A comprehensive analysis has identified several key factors that could significantly impact the price of the ONDO token in the coming years.

user avatarMiguel Rodriguez

Long-Term Vision for ONDO Token: Can It Reach $10 by 2030?

chest

The ONDO token's potential to reach $10 by 2030 depends on factors like mass adoption of tokenized assets, institutional capital inflow, and regulatory navigation.

user avatarRajesh Kumar

Gigmile Secures Seed Funding and Unveils 2025 Impact Report

chest

Gigmile has successfully closed its seed funding round in Q3 2025, a pivotal moment for the mobility financing startup operating in Nigeria and Ghana.

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.