US Government Moves 10,000 Bitcoins
The US government is currently the largest geopolitical holder of Bitcoin, with 203,000 coins under its control.
The US government transferred approximately 10,000 Bitcoin $BTC to a wallet address ending with the letters "noe" on August 14, 2024, at 15:38:31 UTC, according to data from Arkham Intelligence.
According to the on-chain analytics firm, the funds were seized during the Silk Road raid and are currently worth USD 593.91 million.
This is the latest high-profile transfer of the US government's Bitcoin holdings, with the previous transfer being 29,800 bitcoin, valued at nearly $2 billion, sent from US government wallets to an unknown address on July 29, 2024.
