The US government transferred $2 billion worth of Bitcoin to a wallet potentially linked to Coinbase Prime custody on Monday.
A wallet labeled as one owned by the US government moved close to 28,000 BTC to an unknown wallet. Blockchain intelligence firm suggest the address is connected to Coinbase. BTC is down 3%, dropping below $67,000 following the announcement. The transfer follows Arkham Intelligence analysis revealing the US BTC holdings to be $12 billion. Meanwhile, BTC is down over 3% since the announcement.
The U.S. Government has split the $2B Bitcoin into two addresses: 10,000 BTC : bc1qlap8hkt9genaljz5nt2zlehhudx63zlahr2zek 19,800 BTC : bc1qngydl7hmgdtmuqjmtsyj3pcwszv0yn5mj6kz4c We believe this represents a 10,000 BTC deposit to an institutional… https://t.co/0aULBXGd8P pic.twitter.
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