I was looking if someone has posted this news already but I'd share it here. The title speaks for itself but I'll just highlight the bullets from the article.
- The US government transferred some of its bitcoin stash to Coinbase this week.
- The government owns about $2 billion worth of bitcoin in a wallet seized from the dark web's Silk Road.
- About 2,000 bitcoin were transferred to Coinbase, worth about $130 million.
On Tuesday, the US government transferred $65 worth of bitcoin to a wallet address held at Coinbase, according to Arkham Intelligence. The first transfer was seen as a test to ensure proper connection to the prime account at Coinbase.
From there, the US government followed through with a 2,000 bitcoin transfer worth about $131 million to the same Coinbase wallet. Earlier this year, the US government indicated plans to sell about $13 million worth of bitcoin following approval from the US District Court of Maryland.
Looks like they're preparing for a massive dump and not just that, based on that article the feds are holding more Bitcoin as well from the recovered wallets from hacker and they're about 94,600 Bitcoins.