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US Government Moves $600M Silk Road Bitcoin to Coinbase Prime | Flash News Detail | Blockchain.News
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8/16/2024 4:11:55 PM

US Government Moves $600M Silk Road Bitcoin to Coinbase Prime

US Government Moves $600M Silk Road Bitcoin to Coinbase Prime

According to @intotheblock, the U.S. government has transferred $600 million worth of Bitcoin, originally from Silk Road, to Coinbase Prime. While such large deposits on exchanges typically indicate a potential sell-off, this move might be for custody purposes. U.S. government-linked wallets still hold around $12 billion in Bitcoin.

Source

IntoTheBlock

@intotheblock

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