The U.S. government is once again moving Bitcoin: it transferred 9,261 Bitcoins (about $770 million) into Coinbase Prime within two days.
Half of them were recovered from the Bitfinex hacker case, and 2,456 more were newly discovered law-enforcement seizures—America’s “strategic Bitcoin reserves” are growing more and more.
Under a Trump executive order from last year, seized Bitcoins can’t be sold; they can only be added to reserves. The market’s biggest fear—an “U.S. government dumping” scenario—is unlikely to happen for now.
$BTC #Bitcoin
Half of them were recovered from the Bitfinex hacker case, and 2,456 more were newly discovered law-enforcement seizures—America’s “strategic Bitcoin reserves” are growing more and more.
Under a Trump executive order from last year, seized Bitcoins can’t be sold; they can only be added to reserves. The market’s biggest fear—an “U.S. government dumping” scenario—is unlikely to happen for now.
$BTC #Bitcoin