on-chain movement

Why did the US government send $71M in Bitcoin to Coinbase Prime?

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Published: Oct 7, 2026 06:12 UTC
Updated: Oct 7, 2026 17:04 UTC
Since then: 3 new reports
In: Bitcoin BNB
Also mentions: ARKM

Wallets linked to the U.S. government moved 833.599 BTC to Coinbase Prime deposit addresses and shifted 40,285 BNB through other wallets. The transfers were valued at about $103.19 million in total, and the blockchain activity did not confirm a sale.

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Key claims & sources

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Wallets linked to the U.S. government moved 833.599 BTC to Coinbase Prime deposit addresses and routed 40,285 BNB through unlabeled or fresh wallets on Tuesday.

U.S. Government Moves $103 Million in Seized Bitcoin and BNB, Sending BTC to…

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The transfer was valued at about $103.19 million overall, including roughly $71.56 million in bitcoin and about $31.63 million in BNB.

U.S. Government Moves $103 Million in Seized Bitcoin and BNB, Sending BTC to…

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The BTC’s status under the Strategic Bitcoin Reserve was described as unclear.

Bitcoin News: US Government-Linked BTC & BNB Move to Coinbase Prime

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Government-labeled wallets sent the bitcoin to Coinbase Prime deposit addresses while the BNB was shuffled separately, and no explanation for the move was given.

US Government Moves $103 Million in Seized Bitcoin and BNB, But Hasn't Said Why

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Blockchain data does not confirm that a sale took place or that a sale order was placed.

U.S. Government Moves 833.599 Bitcoin to Coinbase Prime

Market reaction i

BitcoinBTC the event is about this asset

+0.3% 2 h before

-0.8% 4 h after

$84,302price at publication

12data points

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