- US authorities transferred confiscated bitcoins to a Coinbase Prime wallet.
- The US government currently holds 328,000 bitcoins.
This week, US authorities transferred 2,44 bitcoins, worth nearly $177,000, to a Coinbase Prime wallet. The transfer was made in two separate transactions from addresses that, according to According to Arkham Intelligence is owned by the US government.
The bitcoins themselves are likely confiscated from Glenn Bradford Olivio, who was arrested along with accomplice Dana Renee Light in May 2025. Both have already been charged with conspiracy to distribute anabolic steroids, conspiracy to commit money laundering, aggravated identity theft, and drug possession.
Interestingly, the transfer itself, small by any standards, would hardly have sparked discussion among members of the crypto community. However, the destination has raised eyebrows. Coinbase Prime is the institutional arm of the exchange, used for custody, asset management, and, in some cases, asset liquidation by the U.S. Marshals Service. It is unclear whether this asset transfer is a routine consolidation process or preparation for a sale.
This issue is more relevant now than ever. In January, US Treasury Secretary Scott Bessint publicly confirmed, that the administration suspended all sales of confiscated bitcoins and instead added them to the strategic Bitcoin– a reserve created by presidential decree in 2025. Any actions aimed at liquidating the reserve would be contrary to this policy.
The US government currently holds approximately 328,000 BTC, worth over $22 billion, making it one of the largest holders of the asset in the world.
Today, April 11, the price of Bitcoin hesitates just below the $73,000 level near the $72,700 mark. Over the past 24 hours kriptovalyuta showed virtually no fluctuations, with weekly growth remaining at 8%.
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