Add as a preferred source on GoogleU.S. Government Transfers 12,267 Bitcoin Worth $1.01 Billion
The transfer involved funds seized in the Bitfinex hacking case. More than 6,200 BTC had moved to Coinbase Prime in the prior two days.
The U.S. government transferred 12,267 Bitcoin (BTC) valued at approximately $1.01 billion on Oct. 8, marking a major movement of seized digital assets watched by cryptocurrency markets.
The transfer involved an address identified with funds seized in the Bitfinex hacking case. More than 6,200 BTC had moved to Coinbase Prime during the previous two days.
The transactions represent a significant change in the location of Bitcoin held by the government. The movement drew attention from traders monitoring potential changes in Bitcoin supply.
The transfer comes as government-controlled cryptocurrency holdings remain a closely watched part of Bitcoin market activity.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.