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Analysis: The US Government Moves Bitcoin to Coinbase or Custodial Behavior

2024-12-03 09:58

BlockBeats News, December 3rd, according to Spot On Chain monitoring, the U.S. government sent out 19,800 BTC (worth $1.92 billion) 9 hours ago, with 10,000 BTC (worth $962.9 million) being sent to Coinbase.


As of 2024, the U.S. government has transferred a total of 25,999 BTC (worth $2.49 billion) to Coinbase. However, these transfers appear to be custody-related rather than sales.


Currently, the U.S. government still holds approximately 183,850 BTC (worth $17.57 billion) across various known addresses.

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