- US officials have transferred more than 10 BTC seized from criminals to the Coinbase exchange.
- Cryptocurrency could have been sold despite the ban imposed by Trump.
- The US government still holds $24,53 billion worth of Bitcoin.
Recent actions by the US government have raised speculation that officials are selling Bitcoin, contrary to Donald Trump’s orders.
How to Reported redaction Happy Coin News In March 2025, the President ordered the creation of a state Bitcoin-fund and replenish it with coins confiscated from criminals. The executive order signed by Trump prohibits the government from disposing of digital assets held on the country’s balance sheet, as they are intended to be used as a store of value.
However, according to data from the Arkham platform, officials have already twice in April sent Bitcoins from the state fund to the Coinbase exchange. On April 11, they transferred 2,4 BTC seized from Glenn Olivio, accused of steroid trafficking and money laundering, to the trading platform, and on April 16, they transferred 8,2 BTC worth $606,470 confiscated from the exchange hacker. Bitfinex Ilya Lichtenstein, condemned to imprisonment for 12 and a half years.
BTC Transfers to Coinbase by US Authorities
The mere act of sending digital assets to Coinbase doesn’t prove the sale of Bitcoin, but it’s difficult to imagine any other reason for transferring cryptocurrency to an exchange. However, it’s possible that the government is distributing the coins across different wallets for security purposes and choosing Coinbase as a reliable custodial service provider.
However, the transactions completed are not particularly large. The US government currently holds 328,361 BTC, worth $24,53 billion. The government also holds Ethereum, wrapped Bitcoin, and stablecoins. Tether (USDT) and many other digital assets.
Some virtual currencies on the US government’s balance sheet
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making investment decisions. Read the editorial policy. https://happycoin.club/about/