U.S. Government Transfers 19,800 BTC to Coinbase, Totaling 25,999 BTC in Custody Moves

On December 3rd, COINOTAG reported significant movements in Bitcoin (BTC) as the U.S. government transferred 19,800 BTC valued at approximately $1.92 billion. This transfer, which occurred just nine hours ago, included a substantial 10,000 BTC sent specifically to Coinbase, one of the leading cryptocurrency exchanges. Notably, in 2024 alone, the U.S. government has sent a total of 25,999 BTC to Coinbase, equating to around $2.49 billion. It is crucial to emphasize that these transactions appear to be largely custodial in nature rather than reflective of any divestment strategy. Currently, the U.S. government maintains a formidable Bitcoin reserve, holding nearly 183,850 BTC, translating to an impressive $17.57 billion across various identifiable wallets.