Bitcoin

A Bitcoin address that received a transfer of 10,000 BTC from a wallet owned by the US government two weeks ago has now transferred the full amount to a deposit wallet on Coinbase Prime.The <a href="https://optimisus.com/news/crypto-news/bitcoin-eyes-62k-as-overall-inflation-falls-below-3-for-first-time-since-march-2021/" rel="noopener noreferrer nofollow">Bitcoin</a> sent represents a portion of the crypto confiscated from the now-defunct illicit online marketplace Silk Road, with a value exceeding $592 million.On April 2, the US government transferred 31,800 BTC to a separate wallet and has subsequently been disseminating this quantity to various addresses. Arkham Intelligence, an on-chain data platform, reports that the US government currently possesses more than $1 billion worth of Bitcoin (BTC) associated with Silk Road.The most recent recorded transaction involving Silk Road&#39;s <a href="https://optimisus.com/news/crypto-news/a-crypto-wallet-containing-2-billion-worth-of-mt-gox-bitcoin-initiates-a-trial-transaction/" rel="noopener noreferrer nofollow">BTC</a> hoard occurred in March 2023, when the United States sold 9,861.17 BTC. Bitcoin has shown resilience in the face of US government actions, with a modest 0.5% price fluctuation in the past hour.Recent research by CoinGecko, published in late July, disclosed that governments worldwide possess over 483,400 BTC. The United States government has the highest position, with a total of 213,297 BTC in its possession.

US government sends 10,000 BTC Silk Road BTC worth over $590M to Coinbase Prime

Optimisus

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