U.S. Government Moves 750.2 WBTC Worth $62.34 Million to Coinbase Prime
The transfer came after an earlier $103 million movement, bringing assets sent from the government address over 24 hours to about $165 million.
The U.S. government transferred 750.2 Wrapped Bitcoin (WBTC), valued at about $62.34 million, to Coinbase Prime on Oct. 7, adding to a larger movement of digital assets from the government address over the past 24 hours.
The address moved about $165 million in assets during that period. Of that total, 1,583.8 Bitcoin (BTC), worth approximately $134 million, was sent to Coinbase Prime.
The latest transaction followed an earlier transfer of assets valued at about $103 million. The movements put the government address’s recent blockchain activity in focus as traders track transfers involving WBTC and BTC.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.