US Government Moves $1.92B Worth of Bitcoin to Coinbase.

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In a significant development, the U.S. government transferred 19,800 Bitcoin worth $1.92 billion to Coinbase on December 2, 2024. 10,000 BTC, valued at $962.9 million, were sent directly to the exchange. These movements are part of ongoing custody actions involving seized assets rather than outright sales. In total, 2024 has seen the transfer of 25,999 BTC worth $2.49 billion to Coinbase from government-controlled wallets. The U.S. government retains a massive holding of 183,850 BTC, valued at $17.57 billion, across known addresses.