US Government Transfers $297M in Bitcoin, Ether to Coinbase Prime
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The U.S. government moved nearly $297 million in Bitcoin and Ether to Coinbase Prime, comprising seized crypto tied to the BTC-e, Brian Krewson and Ryan Farace cases, per blockchain intelligence firm Arkham. No sale has been confirmed as Treasury reserve policy and custody procedures are under review, but the transfers have fueled market speculation about potential sell-offs and increased short-term risk for crypto prices and liquidity.
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- US government moved nearly $297M in BTC and ETH to Coinbase Prime, fueling sell-off speculation.
- Transfers included seized crypto from the BTC-e, Brian Krewson, and Ryan Farace cases.
- No sale confirmed as Bitcoin reserve policy and custody procedures remain under review.
The U.S. government transferred nearly $297 million in Bitcoin (BTC) and Ether (ETH) to Coinbase Prime on Monday, drawing attention from crypto markets over whether the assets are being prepared for sale or repositioned as part of custody and forfeiture procedures.
Blockchain intelligence platform Arkham identified two separate transactions completed within hours of each other, involving digital assets linked to multiple criminal cases. The activity also followed another government Bitcoin transfer after a wallet remained inactive for four years, increasing speculation across the market, even thoug…
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