US government moves $770M of seized Bitcoin to Coinbase Prime

politics

The U.S. government transferred roughly $770 million worth of seized Bitcoin to Coinbase Prime, according to the report. The move places the holdings with an institutional trading and custody platform, but does not by itself confirm that the government intends to sell. If sold, the Bitcoin could add near-term supply and pressure prices; otherwise, the transfer may simply reflect a custody change.

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