U.S. government transfers roughly 9,300 Bitcoin worth $770 million to Coinbase Prime
On October 6‑7, wallets linked to the United States transferred 9,261 BTC, valued at about $770 million, to Coinbase Prime custody. The Bitcoin originates from various forfeiture cases, including the Bitfinex hack. The government still holds roughly 319,000 BTC, worth about $26.5 billion, and an executive order from March 2025 bars the sale of seized Bitcoin. No sale has been confirmed.
Why it matters
Analysts note that, because the transfer does not constitute a sale, there is no immediate increase in market supply, but the move has sparked speculation that could affect Bitcoin prices (the company notes no sale has been confirmed)【2】.
Key facts
- 1The transfer involved 9,261 BTC worth approximately $770 million. tradingview.com
- 2The transfers occurred on October 6‑7. bitcoinfoundation.org
- 3The U.S. government holds an estimated 319,086 BTC, valued at about $26.5 billion. bitcoinfoundation.org
- 4A March 2025 executive order prohibits the sale of seized Bitcoin, designating it for a Strategic Bitcoin Reserve. bitcoinfoundation.org
- 5No sale of the transferred Bitcoin has been confirmed. coindesk.com
Summary written by AlphAI AI Desk from 2 of 10 sources. Not investment advice. Figures are as stated by the linked sources.