U.S. Government-Linked Wallets Move $165 Million in 24 Hours

U.S. government-linked wallets transferred $165 million in crypto assets over a 24-hour period ending Oct. 7, including $134 million worth of 1,583.8 Bitcoin (BTC) sent to Coinbase Prime.

The transfers included 750.2 Wrapped Bitcoin (WBTC), valued at $62.34 million. That transaction followed an earlier transfer of assets worth $103 million.

The movements place Coinbase Prime at the center of the identified Bitcoin transfers, while the broader total includes other assets moved by the government-linked wallets during the same 24-hour period.