COIN - US Government Makes Surprise $2B Bitcoin Transfer On Heels Of Silk Road Seizure | Benzinga
A tag named ‘U.S. Government’ on the Arkham blockchain platform transferred a significant amount of Bitcoin on Tuesday, April 2.
What Happened: A wallet that’s associated with the government sent 30,175 Bitcoin (CRYPTO: BTC), valued at roughly $2 billion based on current prices, to a wallet believed to be owned by cryptocurrency exchange Coinbase (NASDAQ:COIN).
Given the current valuation of Bitcoin around the $65,000 mark, this move involved approximately $2 billion worth of the digital currency.
This activity comes after the U.S. government’s previous ...