Re: 30,170 BTC worth $2B sent to Coinbase

Quote from: BABY SHOES on Today at 02:39:57 PM

No wonder the price collapsed again because of this negative sentiment that the US government will sell all the proceeds from confiscated bitcoins.

The news is that the US government still has around 209K bitcoins is that true? If so maybe the US government will sell on a scale.

Quote from: adaseb on Today at 04:27:49 AM

Does anyone have the transaction Id for this transaction?

You can see this transaction where the US Government sent the mentioned amount of bitcoin to Coinbase.

[1] https://platform.arkhamintelligence.com/explorer/tx/b614dd2e0fa06d776ee4d45973fab5ceb6e2dfebfb84e5f7bd45ef0975455240

I think 209K BTC is too much, if we look at the total of the BTC confiscation by the US Gov:
Silk Road 69,369 BTC
Bitfinex Hack 94,643 BTC
James Zhong - 51,326 BTC

In total around 215K of BTC and the estimate balance now is 164K - dang it almost 1% of all BTC currently in circulation.
Blackrock and MicroStrategy might be buy more cheap bitcoins soon ...

source: https://dune.com/21co/us-gov-bitcoin-holdings