U.S. Government Moves $1.01 Billion in Bitcoin
U.S. government‑linked wallets transferred 12,267 BTC ($1.01B) from a Bitfinex hack seizure wallet to unlabeled addresses, indicating a reshuffle rather than a sale.
U.S. government‑linked wallets moved 12,267 BTC (worth about $1.01 billion) from a Bitfinex hack seizure wallet to new, unlabeled addresses on Thursday, according to Arkham data. The transfer did not involve an exchange deposit, suggesting the Treasury is reshuffling rather than liquidating the assets.
Government Transfer
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The 12,267 BTC, valued at $1.01 billion, left a wallet that held funds seized in the 2016 Bitfinex hack. Arkham identified a second transaction to a different unlabeled address, reinforcing the view that the Treasury is consolidating its holdings.
Previous Exchange Activity
A day earlier, roughly 3,200 BTC (about $264 million) and $119 million in USDT were routed to Coinbase Prime deposit addresses. Coinbase Prime also offers custody services, so these deposits do not necessarily signal a sale.
Regulatory Context
A March 2025 executive order directs forfeited bitcoin to a Strategic Bitcoin Reserve and prohibits its sale. The Treasury still holds roughly $25.5 billion in crypto, according to Arkham.
Key facts
- 12,267 BTC moved from Bitfinex hack seizure wallet
- $1.01 billion value
- No exchange deposit recorded
- Earlier 3,200 BTC moved to Coinbase Prime
- March 2025 order mandates reserve, no sale
Source: news.google.com
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