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U.S. government moves $1B in seized Bitcoin to new wallets, no sale indicated

Market News
08 Oct 2026
Coindesk
View Source
Neutral
U.S. government moves $1B in seized Bitcoin to new wallets, no sale indicated

The U.S. government transferred 12,267 BTC worth about $1.01 billion from a Bitfinex hack seizure wallet to new, unlabeled wallets, with no signs of sale as no exchange deposits were made. This move appears to be wallet reshuffling rather than selling, following a previous day’s activity where $383 million in crypto was deposited to Coinbase Prime, a custody platform. A 2025 executive order mandates that seized Bitcoin be held in a Strategic Bitcoin Reserve and not sold. The government currently holds around $25.5 billion in cryptocurrency assets.

Bitcoin is trading at Rp1.453.527.698 on Pluang as of Oct 08, 2026 23:03 WIB, showing a 2.65% decrease in the last day. The platform sees a majority of buy orders at 63%, with typical holders keeping Bitcoin for about 111 days. This trading activity provides context to the U.S. government's recent movement of $1 billion in Bitcoin from a Bitfinex hack wallet.

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