US government linked wallets transferred 833.6 BTC and 40,285 BNB worth a combined $103 million, with the Bitcoin landing at Coinbase Prime. The move revives questions about a possible sale, but past transfers to the same platform have not always led to one.
A U.S. government address sent 833.6 BTC worth $71.56 million and 40,285 BNB valued at $31.63 million in transactions totaling roughly $103 million, according to on-chain analyst EmberCN. The Bitcoin went to Coinbase Prime, while the BNB passed through several addresses before reaching one beginning with 0xBE7 and ending in 81E.
Sending Bitcoin to Coinbase Prime has raised the possibility of a sale because the platform can execute trades. However, the on-chain movement alone does not confirm that the coins have been sold.
Why Coinbase Prime doesn't mean a sale
The U.S. Marshals Service selected Coinbase Prime for custody and advanced trading services in July 2024 for large-cap digital assets tied to federal asset forfeiture operations. A similar question emerged in July, when government-linked wallets moved nearly $297 million in seized Bitcoin and Ether to the same platform, crypto.news previously reported. No sale was established from those transactions either.
President Donald Trump's March 2025 executive order created the Strategic Bitcoin Reserve and a separate U.S. Digital Asset Stockpile. According to crypto.news: Bitcoin that has been finally forfeited and deposited into the reserve "shall not be sold" and must be kept as a reserve asset, though the order carves out exceptions for court orders, victim restitution and other law enforcement needs. BNB and other non-Bitcoin assets instead fall under the Digital Asset Stockpile, where the Treasury secretary determines management strategy.
How Bitcoin moved after earlier transfers
Earlier government transfers to Coinbase have sometimes preceded short-term price declines, though the transfers themselves never confirmed a sale. In June 2024, authorities moved 3,940 BTC worth around $240 million tied to Silk Road vendor Banmeet Singh, and BTC fell roughly 2% around the transaction. Another 10,000 BTC worth roughly $594 million reached Coinbase Prime in August 2024, when Bitcoin dropped 3.6%, though the decline had begun before the transfer.
In March 2023, officials sold 9,861 BTC connected to Silk Road for approximately $216 million, a disposal later confirmed in a court filing rather than inferred from blockchain data alone.
U.S. government-linked addresses still hold about $28 billion in digital assets, with roughly 324,000 BTC worth $27.7 billion accounting for most of the total. No federal agency has announced a sale tied to the latest 833.6 BTC transfer, and confirming one would require further transaction data or an official statement.
Source: crypto.news
Trading involves risk.
Risk Disclaimer
