US Government Transfers $297 Million to Coinbase Prime

US government transfers $297M to Coinbase Prime.

Wallets associated with the US government have transferred 3940 BTC and 30,014 ETH, valued at approximately $297 million, to Coinbase Prime, according to Arkham data. These assets were seized as part of several criminal cases.

The transfer to the platform does not necessarily indicate an impending sale. Previously, analysts estimated US government-linked crypto assets at $20.6 billion, including 325,000 BTC, 28,000 ETH, 146 million USDT, and 750 WBTC.