A U.S. government-linked wallet moved 12,267 $BTC worth about $1.01 billion on October 8.
The Bitcoin is tied to funds seized from the 2016 Bitfinex hack, and on-chain data shows the amount was split across newly identified addresses.
This follows with more than 6,200 BTC transferred by related government wallets to Coinbase Prime in recent days.
The U.S. Strategic Bitcoin Reserve policy directs eligible forfeited BTC to remain in government custody, although transfers can also involve custody management, restitution or other legally permitted actions.
With more than $1 billion in BTC moving in one transaction, the destination of these coins and any follow-up transfers will be worth watching closely.
#Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Correction Incoming?#
The Bitcoin is tied to funds seized from the 2016 Bitfinex hack, and on-chain data shows the amount was split across newly identified addresses.
This follows with more than 6,200 BTC transferred by related government wallets to Coinbase Prime in recent days.
The U.S. Strategic Bitcoin Reserve policy directs eligible forfeited BTC to remain in government custody, although transfers can also involve custody management, restitution or other legally permitted actions.
With more than $1 billion in BTC moving in one transaction, the destination of these coins and any follow-up transfers will be worth watching closely.
#Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Correction Incoming?#