US Department of Justice to transfer 30,175 Bitcoins to Coinbase? Worth nearly $2 billion.
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US Department of Justice Large Transfer Test
The crypto detective revealed earlier that the US Department of Justice has sent 0.001 BTC to a Coinbase Prime address, considered a pre-test for a large transfer.
The crypto community hopes this is an April Fool's joke, as they have already endured the continuous dumping pressure from GBTC and hope the US government will spare them.
According to Arkham Intelligence, the address is tagged as a Coinbase Prime deposit address.
30.1K BTC ($2.1B) of Silk Road hack funds controlled by US government is on the move right now.
0.001 BTC ($69) transferred to a Coinbase deposit address so it’s a test transfer possibly.
txn hash
9c3af4b48e66565f1da1da8278036fa1dbb09f2beaaca99c3504475390ba4590Coinbase…
— ZachXBT (@zachxbt) April 2, 2024
US Department of Justice Transfers Nearly 2,000 Bitcoins to Coinbase
Subsequently, the US Department of Justice transferred 1,999.999 BTC to the same Coinbase Prime deposit address.
Another address bczde currently holds 29,799.99 BTC, with a total value of nearly 2 billion US dollars.
The price of Bitcoin is around 65,900 US dollars, with a 24-hour decrease of -4.46%.
US Government Holds Over 200,000 Bitcoins
In December last year, a US court confiscated 69,370 Bitcoins, along with other cryptocurrencies including BITCOIN GOLD BTG, BITCOIN SV BSV, BITCOIN CASH BCH.
As shown by BitcoinTreasuries, the total Bitcoin holdings of the US Treasury amount to approximately 215,000, surpassing China, which seized a large amount of Bitcoin due to PlusToken, possibly around 190,000.
Bitcoin into the Treasury! US court officially confiscates Silk Road case Bitcoins: nearly 70,000 BTC
