W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/08/2026

US Government Transfers $770M in Seized Bitcoin to Coinbase Prime

What happened: Over the past two days, US government-controlled wallets transferred 9,261 BTC (valued at approximately $770 million) to Coinbase Prime.

US Government Transfers $770M in Seized Bitcoin to Coinbase Prime

What happened: Over the past two days, US government-controlled wallets transferred 9,261 BTC (valued at approximately $770 million) to Coinbase Prime. According to Cointelegraph and Galaxy Research, the transfers included funds from the Bitfinex hack recovery (~4,600 BTC), Binance-related seizures (~2,200 BTC), and 2,456 BTC from previously unreported holdings, suggesting new law enforcement actions. Coinbase Prime has served as the US Marshals Service’s (USMS) custody provider since 2024.

Why it matters: These are the largest US government crypto movements since the Strategic Bitcoin Reserve was mandated by executive order in March 2025, which restricts outright sales of seized BTC. While the transfers to Coinbase Prime could indicate preparation for a sale, they may also reflect custodial reshuffling, as Coinbase is the official storage provider. The US government remains the largest known holder of Bitcoin, with approximately 325,000 BTC—about 1.6% of total supply—according to Arkham Intelligence.

Source: Cointelegraph