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U.S. Government Transfers $1.54 Billion in Bitcoin to Coinbase Prime

The transfers covered 17,733 BTC and 750 WBTC over three days as Bitcoin fell 6.9%.

Mentioned assets
Sealed custody case inside an empty institutional exchange lobby / TokenPost.ai
Sealed custody case inside an empty institutional exchange lobby / TokenPost.ai

The U.S. government transferred 17,733 Bitcoin (BTC) and 750 Wrapped Bitcoin (WBTC) to Coinbase Prime over three days, moving assets valued at a combined $1.54 billion as BTC fell 6.9% during the period.

The Bitcoin transfers were valued at $1.48 billion, while the WBTC transfers totaled $62 million.

The transaction update was published at 11:17 p.m. ET on Oct. 8 (03:17 UTC on Oct. 9).

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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