US Government Transfers $1.92B in Bitcoin, Sparks Speculation

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The US government recently moved 19,800 BTC ($1.92 billion), including 10,000 BTC ($962.9 million) to Coinbase. These transfers, totalling 25,999 BTC ($2.49 billion) in 2024, are believed to be custody actions rather than sales. The government still retains approximately 183,850 BTC, valued at $17.57 billion, across multiple addresses. The significant movement has caught the crypto community’s attention, with no clear indication of a sale. As such, these transactions underline the substantial Bitcoin holdings under government control, drawing speculation about their future use or impact on the market.