Blockchain data shows that the U.S. Government transferred $297 Million in Bitcoin and Ether seized by it to Coinbase Prime Monday.
The following is a summary of the information that you will find on this page.
- U.S. government wallets sent nearly $297,000,000 in Bitcoin and Ether confiscated by the U.S. to Coinbase Prime.
- Bitcoin has raised questions regarding compliance with Trump’s Strategic Reserve Order, which prohibits government sales.
- Coinbase Prime allows for custody and trading so that the transfer does not show an instant liquidation.
This move has raised questions as to how the federal government will handle cryptocurrency covered under President Donald Trump’s Reserve policy.
The transfer included approximately 3,940 BTC, worth about $244,000,000 and around 30,000 Ethereum valued at $53,000,000. Arkham’s government wallet tracker recorded Although changing market values can affect their dollar value, the movement of prices is not a factor.
Coinbase Prime: Seized Bitcoins and Ether
Alex Thorn, the head of Galaxy Research, linked Bitcoin seizures to Ryan Farace (known online as). “Xanaxman,” The BTC-e closed exchange.
“These coin movements were comprised of coins seized from Ryan Farace and defunct crypto exchange BTC-e,” Thorn said
Ether originated from wallets associated with Brian Krewson. Oracle was involved in an investigation by the federal government involving a case of crypto storage and money-laundering. These transfers transferred assets from several enforcement actions into an institutional platform, which is used by governments and large investors.
The transfer does not confirm the sale by government
Coinbase Prime allows trading but does not guarantee that the officials intend to sell their assets. Coinbase Prime The company offers services such as custody, executions, funding and stakes. The platform can be used by federal agencies to consolidate their wallets and move assets in managed custody.
U.S. The U.S. Marshals Service chose Coinbase Prime for 2024 as a platform to store and trade digital assets forfeited by the Marshals Service. Since then, government wallets have sent money to the platform multiple times. As reported According to crypto.news authorities have moved almost $984,000 of FTX, Alameda, and Coinbase Prime-linked cryptocurrency in the month of June.
Trump reserve order limits Bitcoin sales
Trump’s March 2025 executive order The Strategic Bitcoin Reserve was created, along with a stockpile separate for digital assets. It says that Bitcoin was placed into the reserve “shall not be sold” And must remain an asset of the U.S. reserves.
This order allows for some exemptions to the existing laws. Agents may use assets for law enforcement, return them to verified victims or comply with a court’s order. Ether and non-Bitcoins are held in a digital assets stockpile where Treasury has the legal authority to set up stewardship programs.
The Reserve structure is still a mystery
This latest move comes as federal agencies continue to debate about who should be managing the Bitcoin Reserve.Treasury and Commerce have discussed Control of BTC seized while officials examine custody, legal authority, and whether new legislation is needed.
According to the latest estimates from trackers, governments still have about $20.5billion in cryptocurrency. Bitcoin is the largest portion of this total with approximately 325,000 BTC. These wallets contain Ether, Tether and wrapped Bitcoin, but public trackers might not be able to identify all federal addresses.
Crypto prices fluctuate throughout the day, so it is possible for balances to change rapidly. The balance can change if courts decide to order restitution or if agencies take over custody. It could also be affected by investigators identifying new wallets. Dashboards are estimates, not a full official accounting.
These Monday transfers are among the most significant government-related Coinbase Prime moves in 2026. The April 2019 transfer was the largest government-linked move to Coinbase Prime in 2026.a federal wallet sent 2.438 BTC From a separate criminal matter to the platform.
The on-chain records reveal where the funds went, but not what instructions were given by the government to Coinbase Prime. To confirm a sale, further activity in the wallet would be required. Trading records and official statements are also needed. Up until then, it is more of a asset management move or a transaction to manage assets than proving liquidation.
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Source: crypto.news
