US government moves over $288 million in seized bitcoin, ether to Coinbase Prime: Arkham
The Block·
60-second summary
The US government is transferring over $288 million in seized bitcoin and ether to Coinbase Prime, a move that highlights the government's significant crypto holdings. Estimated at over $20 billion, the government's portfolio includes 324,552 BTC, underscoring the growing importance of cryptocurrencies in the US financial landscape and potential market implications for the industry.
According to Arkham, U.S. government wallets maintain a large crypto portfolio estimated at over $20 billion, including 324,552 BTC.