The U.S. government has transferred nearly 4,000 bitcoins, valued at approximately $240 million, to Coinbase Prime. These bitcoins were seized from Banmeet Singh, an alleged dark web drug dealer who pled guilty to several charges. This move is part of a broader trend of governmental selloffs, with Germany and MtGox also reportedly selling Bitcoin. The U.S. government currently holds over 213,546 bitcoins, worth more than $13 billion, making it one of the largest Bitcoin holders in the world. The bitcoins transferred were originally seized from the Silk Road marketplace.
The wallet address marked as "US Government" transferred 11.84 BTC worth $726k to 3KHnTqDh2LUmzYe8hgSnxY2QHFcNmuuso9 at UTC+8 today. This may be a small test before a large transfer. The wallet holds the funds seized from Estonian crypto entrepreneurs Potapenko and Turogin.β¦
[ARKHAM] The US Government wallet transferred 11.84 #BTC ($726.33K) to an address 24 minutes ago, which may be a test before a larger transfer https://t.co/UkbKQtPAoW
π¨ JUST IN: πΊπΈThe "US Government" wallet transferred 11.84 $BTC ($726K) to 3KHnTqDh2LUmzYe8hgSnxY2QHFcNmuuso9 at 13:02 (UTC) This might be a small test before a larger transfer. https://t.co/gSBFDe144N
[ARKHAM] The US Government wallet transferred 11.84 #BTC ($726.33K) to 3KHnTqDh2LUmzYe8hgSnxY2QHFcNmuuso9 24 minutes ago. This may be a test before a larger transfer. The wallet holds funds seized from Estonian crypto entrepreneurs Potapenko and Turogin. https://t.co/h1fzjcm8DL
The wallet address marked as "US Government" transferred 11.84 BTC worth $72,600 to 3KHnTqDh2LUmzYe8hgSnxY2QHFcNmuuso9 at 21:02 UTC+8 today. This may be a small test before a large transfer. The wallet holds the funds seized from Estonian crypto entrepreneurs Potapenko andβ¦
π¨ 6,499 #ETH (22,332,979 USD) transferred from #Binance to unknown wallet https://t.co/UY8Vg1HWLX
π¨ 7,003 #ETH (24,053,021 USD) transferred from unknown wallet to #Binance https://t.co/CxmOyW4hYz
π¨ 337 #WBTC (21,176,014 USD) transferred from #Arbitrum to unknown wallet https://t.co/Rgd5W03HNg
#PeckShieldAlert #ZeroTransfer An address 0xb58a...80f1 has fallen victim to a #ZeroTransfer #Phishing, resulting in a loss of 10K $USDT https://t.co/CvXHFgGnb7
#PeckShieldAlert #CoinStats Exploiter labeled addresses have moved $1m worth of cryptos to a new address 0xB48b...9681 https://t.co/39OmwBfpCe
π¨ π¨ π¨ π¨ π¨ π¨ π¨ π¨ π¨ π¨ 4,000 #BTC (246,281,987 USD) transferred from unknown wallet to unknown wallet https://t.co/iLwOJ6G9Uv
A wallet that had been dormant for 6 years deposited 1K $BTC ($61.55M) into #Coinbase Prime 4 hours ago. Address: 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3 https://t.co/jpm5bmM8Sa
BREAKING: US Government to Sell $250M in Bitcoin | EP 1019 https://t.co/UKLc1tzo9g
π¨ π¨ 9,000 #ETH (31,082,659 USD) transferred from #FalconX to #Binance https://t.co/0eA173wqyN
π¨ π¨ π¨ 1,000 #BTC (61,953,255 USD) transferred from Genesis Trading to #Coinbase https://t.co/Wz4dpjoPkF
Bitcoin falls after a wallet tagged to the US government moved ~3,940 BTC, worth ~$240M and originally seized from a Silk Road vendor, to Coinbase Prime (@aoyon_a / CoinDesk) https://t.co/VwxioBjziF π« Subscribe: https://t.co/OyWeKSRpIM https://t.co/bxiEQhQ4hF
[ARKHAM] A Whale transferred 1.2k #BTC ($73.44M) to #Binance today. The $BTC primarily came from withdrawals from #OKX and Binance last week. This address also holds 10,148.57 BTC, worth about $621M https://t.co/aYgWIVKido
According to Arkham, the whale: 3G98jSβ¦NvHkhN transferred 1.2k BTC (about 73.44 million US dollars) to Binance Deposit at 19:48 UTC+8 today. These BTC mainly come from withdrawals from OKX and Binance one week ago. The whale address: 3G98jSβ¦NvHkhN also owns 10,148.57 BTC, worthβ¦
π¨ π¨ π¨ 1,200 #BTC (73,505,226 USD) transferred from unknown wallet to #Binance https://t.co/sbOxo3Ezh3
π¨ π¨ π¨ π¨ π¨ 1,710 #BTC (104,672,505 USD) transferred from unknown wallet to #Kraken https://t.co/Xps1msbjiy
#PeckShieldAlert #DMMBitcoin Hacker labeled address has moved 500 $BTC (worth ~$30M) to a new address bc1q9l...mfcc https://t.co/46nvqjOaHB
#PeckShieldAlert #DMMBitcoin Hacker labeled address has moved 500 $ETH (worth ~$30M) to a new address bc1q9l...mfcc https://t.co/j7yfw8weSj
[ARKHAM] Justin Sun's team transferred 173.821 million $TRX ($21.37 million), 120.149 billion $BTT ($105,000), and 20.293 billion $WIN ($1.79 million) to #Binance Deposit today https://t.co/4UvMCwgFYV
#PeckShieldAlert #Phishing An address 0x564B...9206 has fallen victim to phishing by #Fake_Phishing187019, resulting in a loss of 10 #NFTs, including 4 #Milady(MIL) on #blur https://t.co/ToqQRRcghX
U.S. Law Enforcement Moves 3,940 #Bitcoin https://t.co/GUydrHvToc
The US government still holds nearly $13.5B of #Bitcoin. Do you expect them to continue selling after today? https://t.co/4cgzmPfPDW
#PeckShieldAlert 3,940 #Bitcoin $BTC (worth~$241M ) seized by the U.S. government have been transferred to #Coinbase within the last 24 hours https://t.co/zlxI1eywWc
US government moves nearly 4,000 #BTC worth $240 million to exchange https://t.co/yxIe54LzyY
π¨ π¨ π¨ 1,150 #BTC (69,974,402 USD) transferred from #Kraken to unknown wallet https://t.co/RdunHU9r4z
π¨ π¨ π¨ 60,000,000 #USDC (60,052,142 USD) transferred from USDC Treasury to unknown wallet https://t.co/OAeSrI8r1R
The US government is surely going to dump all their $BTC in one market order https://t.co/qpzy88WI3F
Why is the gov sending 4k $BTC to Coinbase today? The coins were seized from Banmeet Singh in January when price was ~ $40k. That's a nice +50% gain since seizure. Maybe they have PTSD from the 2021 largest seizure ever of 50k coins at $66k & want to lock in a winning trade. https://t.co/qAkpzljPJI
According to data site Bitcoin Treasuries, the U.S. government currently possesses 213,546 #Bitcoin worth over $13 billion at the current market price, making it one of the world's largest bitcoin holders. -@TheBlock__ Uncle Sam π€π»π€π½ Uncle Satoshi
Wallets allegedly linked to US government move 3,940 bitcoins to Coinbase, $COIN, per the Block
The US government is about to sell 4,000 $BTC Thatβs over $240 million dollars https://t.co/atoymrKtfB
BREAKING: Wallets allegedly linked to US government move 3,940 bitcoins to Coinbase https://t.co/JtJvfvK9Oz
US Government Transfers $243 Million in Seized #Bitcoin to Coinbase https://t.co/GUydrHvToc
Sooooo while the timeline is going Blast crazy, it appears the US Government just sent $240M of Bitcoin to Coinbase!! The money was seized from Banmeet Singh, the alleged dark web drug dealer who pled guilty to several charges. Anyone know what happens to this BTC now? https://t.co/bmi38LMd9M
Germany dumping #Bitcoin MtGox dumping #Bitcoin Now the US dumping #Bitcoin The bottom is very close. It has always been when governments are selling $BTC
Ruh roh - US joining the governmental selloff. Just sent 241M BTC to Coinbase. https://t.co/7fAFyeDmaI
π¨ π¨ π¨ π¨ π¨ π¨ π¨ π¨ π¨ π¨ 3,940 #BTC (241,089,417 USD) transferred from unknown wallet to Coinbase Institutional https://t.co/VD7pye7lHz
INTEL: US Government transferred 4,000 BTC seized from Silk Road on Coinbase Prime https://t.co/rSPW4ePAse
π¨ π¨ π¨ 900 #BTC (55,338,862 USD) transferred from Genesis Trading to #Coinbase https://t.co/EdNFgTB0ZW