The US government transferred about 9,261 BTC worth $770 million to Coinbase Prime over two days, including 2,456 BTC from previously unidentified wallets. Much of the bitcoin came from known criminal seizures, but the discovery of these mystery wallets raises questions about the full extent of government-held cryptocurrency. These transfers mark one of the largest bitcoin outflows by the government since 2013, though the ultimate fate of the coins—whether sale, custody, or restitution—remains unclear, especially under a recent executive order preventing their sale.
The US government's recent transfer of $770 million in Bitcoin offers context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 08, 2026 18:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 22 rose and 27 fell today. Notable movers include ATOM (Cosmos) at Rp32.068 with a 1-day change of +5.75%, LTC (Litecoin) at Rp1.150.902 down 4.67%, and ONE (Harmony) at Rp38 down 4.27%.
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