US Government Moves $1.92B in Bitcoin, Including Silk Road Funds, Sends 10,000 BTC to Coinbase

Dec 2, 2024, 04:59 PM

The US government has moved approximately $1.92 billion worth of Bitcoin, totaling nearly 19,800 BTC, to new addresses. Of this amount, 10,000 BTC, valued at $962.88 million, has been transferred to a Coinbase Prime wallet. The Bitcoin moved is believed to be from the Silk Road seizure. Following these transactions, the government holds about 188,309 BTC valued at $18.24 billion.