The United States Government has moved 19,799 confiscated bitcoin to a Coinbase address, worth nearly $2 billion.
Source: Arkham
ALERT: US GOVERNMENT MOVING $1.92B BTC TO NEW ADDRESS
— Arkham (@arkham) December 2, 2024
Address: bc1q0av33ktzrkjps8exjex5gtv98vx225uqmzhspm pic.twitter.com/JSELsjFg5T
There is speculation on social media the U.S. Government is selling the bitcoin or using Coinbase as a custodial wallet. Some think the Biden administration is selling off U.S. bitcoin reserves in spite of the Trump administration’s intentions on creating a Bitcoin Strategic Reserve. A baffling financial move by the current administration considering bitcoin is approaching $100,000.
Coinbase CEO, Brian Armstrong, appears to confirm the bitcoin is being sold.
Agreed – the U.S. government should never sell Bitcoin IMO. https://t.co/FYRUh0wp1T
— Brian Armstrong (@brian_armstrong) December 2, 2024
