US government moves $1B in seized Bitcoin after $770M transfers
Summary
A US government-linked wallet transferred more than 12,267 BTC, valued at over $1 billion, after earlier transfers of $770 million in Bitcoin to Coinbase Prime. Arkham Research associated the funds with assets recovered after the 2016 Bitfinex hack, though the recipient’s owner was unidentified. The government was estimated to hold 328,372 BTC as of 2026. A 2025 executive order created a strategic crypto reserve, but lawmakers have not yet codified it into law.
