6 days ago
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Recent transfer highlights US government's ongoing management of seized Bitcoin assets.
Key Insights
The US government controls a Bitcoin wallet from the Silk Road seizure. The government's Bitcoin assets are currently valued at approximately $13.3 billion. <?xml encoding="UTF-8"?>The US government has recently transferred around 3,940 Bitcoin (BTC) to Coinbase, according to data from Arkham Intelligence.
The transfer involves a crypto wallet known to be controlled by the US government, originating from the seizure of Bitcoin from the Silk Road. The Silk Road was an infamous online marketplace on the dark web, dealing in illegal drugs, weapons, and other illicit goods, and was shut down in 2013.
The US government’s current holdings in Bitcoin are valued at about $13.3 billion.
This is a developing story: We’ll give updates on the situation as we learn more.
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