The U.S. government just moved $103 million in crypto. But where each coin went tells the real story.
833.6 BTC (about $71.6M) went straight to Coinbase Prime. That stack comes from the Potapenko/Turogin and Bitfinex seizures — and under the March 2025 order it feeds the Strategic Bitcoin Reserve. Translation: it cannot be sold.
The 40,285 BNB (about $31.6M, seized from Alameda) went a different route entirely — bounced through two unlabeled wallets. Forfeited altcoins play by different rules.
Put it in perspective: the government still holds roughly $27.5 billion in seized crypto. This move was under 0.4% of it.
A transfer is not a sale. But the routing shows the policy.
Should the government even be sitting on a $27.5B crypto hoard?
$BTC $BNB
#BTC #BNB #CryptoNews
833.6 BTC (about $71.6M) went straight to Coinbase Prime. That stack comes from the Potapenko/Turogin and Bitfinex seizures — and under the March 2025 order it feeds the Strategic Bitcoin Reserve. Translation: it cannot be sold.
The 40,285 BNB (about $31.6M, seized from Alameda) went a different route entirely — bounced through two unlabeled wallets. Forfeited altcoins play by different rules.
Put it in perspective: the government still holds roughly $27.5 billion in seized crypto. This move was under 0.4% of it.
A transfer is not a sale. But the routing shows the policy.
Should the government even be sitting on a $27.5B crypto hoard?
$BTC $BNB
#BTC #BNB #CryptoNews
