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<p>The U.S. government has transferred approximately <strong>$288 million worth of Bitcoin (BTC) and Ether (ETH)</strong> to Coinbase Prime, according to blockchain data tracked by Arkham Intelligence.</p>
<p>The activity involved assets linked to multiple criminal forfeiture cases rather than a single government wallet, making it one of the largest multi-source crypto transfers by U.S. authorities in recent months.</p>
<p>Arkham’s on-chain data shows the transfers originated from wallets associated with confiscations involving <strong>BTC-e, Ryan Farace, and Brian Krewson</strong> before moving to Coinbase Prime deposit addresses.<br></p>
<blockquote class="twitter-tweet">
 <p>THE US GOVERNMENT JUST DEPOSITED $280M OF CRYPTO TO COINBASE PRIME</p>
 <p>The US Government just deposited a total of $288.33M of BTC and ETH to Coinbase Prime. This includes confiscations from Brian Krewson, BTC-e, and Ryan Farace.</p>
 <p>Will they be selling it all? <a href="https://t.co/M5srRI3KJU" rel="noopener noreferrer nofollow">pic.twitter.com/M5srRI3KJU</a></p>
 <p>— Arkham (@arkham) <a href="https://x.com/arkham/status/2076769927428550876?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2026</a></p>
</blockquote>
<h2 id="multiple-government-wallets-sent-funds-in-separate-transactions">Multiple Government Wallets Sent Funds in Separate Transactions</h2>
<p>Instead of moving funds from a single reserve wallet, the transfers were split across several transactions involving both Bitcoin and Ethereum.</p>
<ul>
 <li>2,875 BTC valued at approximately $178 million</li>
 <li>925.5 BTC valued at roughly $57 million</li>
 <li>30,007 ETH worth about $53 million</li>
 <li>140 BTC worth nearly $9 million</li>
 <li>Several smaller balancing transactions 
  <figure class="wp-caption aligncenter"><img src="https://cryip.co/wp-content/uploads/2026/07/US-Moving-Bitcoin-to-Coinabase-Prime.jpg" alt="" width="1392" height="1162">
   <figcaption><a href="https://arkm.com/explorer/entity/usg" rel="noopener noreferrer nofollow">Arkham Dashboard showing US Government Deposits to Coinbase</a>
   </figcaption>
  </figure></li>
</ul>
<p>Combined, the transfers totaled roughly $288 million based on market prices at the time they were detected.</p>
<h2 id="why-coinbase-prime-matters">Why Coinbase Prime Matters</h2>
<p>Coinbase Prime is the institutional platform used by large asset managers, corporations and government agencies for custody and execution.</p>
<p>Because of that role, <a href="https://cryip.co/saylors-strategy-transfers-411-btc-to-coinbase-prime-withdraws-same-amount-hours-later/" rel="noopener noreferrer nofollow">a transfer to Coinbase Prime should not automatically be interpreted as a market sale</a>.</p>
<p>Government agencies have previously transferred seized crypto to Coinbase Prime for operational reasons, including custody management, asset consolidation and eventual disposition following legal procedures.</p>
<p>Whether these assets will ultimately be sold remains unknown based solely on blockchain data.</p>
<h2 id="three-different-seizure-cases-converged-in-one-event">Three Different Seizure Cases Converged in One Event</h2>
<p>One notable aspect of today’s activity is that it combines assets from multiple forfeiture cases.</p>
<ul>
 <li><strong>BTC-e</strong>, the cryptocurrency exchange shut down following investigations into money laundering.</li>
 <li><strong>Ryan Farace</strong>, whose Bitcoin was seized in connection with a drug trafficking case.</li>
 <li><strong>Brian Krewson</strong>, another confiscation that now appears alongside the broader consolidation.</li>
</ul>
<p>Rather than <a href="https://cryip.co/us-seizes-580-million-in-crypto-from-global-scam-networks/" rel="noopener noreferrer nofollow">representing new seizures</a>, the transactions indicate existing government-held assets are being reorganized into Coinbase Prime custody.</p>
<h2 id="how-this-fits-into-recent-government-wallet-activity">How This Fits Into Recent Government Wallet Activity</h2>
<p>The latest movement follows a series of smaller transfers observed throughout 2026.</p>
<p>Earlier this year, <a href="https://cryip.co/us-government-transfers-2-btc-worth-177k-usd-to-coinbase/" rel="noopener noreferrer nofollow">On-chain analysts detected the U.S. government moving small amounts</a> of seized Bitcoin linked to separate criminal cases into Coinbase Prime. Those transfers did not immediately result in visible exchange selling.</p>
<p>The latest transaction stands out because it involves both Bitcoin and Ethereum while consolidating assets originating from multiple independent forfeiture wallets.</p>
<h2 id="does-this-mean-the-government-is-selling">Does This Mean the Government Is Selling?</h2>
<p>There is currently <strong>no on-chain confirmation that the transferred assets have been sold.</strong></p>
<p><a href="https://cryip.co/what-is-arkham-intelligence-and-how-to-use-it-complete-beginners-guide/" rel="noopener noreferrer nofollow">Blockchain data on Arkham</a> only confirms that the cryptocurrencies reached Coinbase Prime deposit addresses. It does not reveal whether the assets are being held in custody, prepared for over-the-counter execution, or processed for another administrative purpose.</p>
<p>Future wallet movements would provide stronger evidence of any liquidation activity.</p>
<h2 id="what-market-participants-may-watch-next">What Market Participants May Watch Next</h2>
<p>Traders and blockchain analysts will likely monitor:</p>
<ul>
 <li>Whether Coinbase Prime forwards the assets to new wallets.</li>
 <li>Any additional movements involving the same government addresses.</li>
 <li>Announcements from the U.S. Marshals Service or Department of Justice regarding seized digital assets.</li>
 <li>Large OTC settlement patterns that could indicate asset disposition.</li>
</ul>
<p>Until then, today’s activity primarily reflects a significant operational movement of government-controlled crypto rather than confirmed selling pressure.</p>

US Government Transfers $288M in Bitcoin and Ether to Coinbase Prime From Multiple Seized Wallets

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