Add as a preferred source on GoogleU.S. Government Transfers $566 Million in Crypto, Including 4,632 BTC
The transfer also included $119 million in USDT and $62.34 million in WBTC over a 10-hour period.
The U.S. government transferred $566 million in cryptocurrency over a 10-hour period, including 4,632 Bitcoin (BTC) valued at approximately $384.5 million, putting the movement on the market’s radar for potential implications around official crypto holdings.
The transaction also included $119 million in Tether (USDT) and $62.34 million in Wrapped Bitcoin (WBTC), bringing the value of the assets moved to roughly $566 million.
The scale of the transfer has focused attention on how government-linked crypto holdings may be managed and whether future transactions could affect market expectations.
Bitcoin was the largest asset involved by value, while USDT and WBTC accounted for the remaining portion of the transfer.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.