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TechFlow news, IntoTheBlock tweeted that the U.S. government recently transferred $600 million worth of dark web Silk Road-seized Bitcoin to Coinbase Prime. While deposits to exchanges often signal a sell-off, this transfer could be for custodial purposes. Wallets linked to the U.S. government continue to hold nearly $12 billion worth of Bitcoin.
IntoTheBlock tweeted that the U.S. government recently transferred $600 million worth of darknet Silk Road-seized Bitcoin to Coinbase Prime. While deposits to exchanges often signal a sell-off, this transfer could be for custodial purposes. Wallets associated with the U.S. government continue to hold nearly $12 billion worth of Bitcoin.
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