The U.S. government has transferred 140 bitcoin — worth approximately $8.8 million — to a Coinbase Prime custody wallet, marking the first movement from a government address in four years, according to on-chain analysis platform Arkham Intelligence.
The dormant address holding the bitcoin had remained untouched since 2020, when the assets were seized through various law enforcement operations. The transfer to Coinbase Prime, a institutional-grade custody solution, suggests the government may be preparing for liquidation or consolidating holdings for administrative purposes.
The move adds to ongoing speculation about U.S. government cryptocurrency holdings management. The Treasury and Department of Justice collectively hold thousands of bitcoin seized from criminal investigations and regulatory enforcement actions. This transfer signals a shift in how federal authorities are handling these assets, moving them from offline storage to an exchange-connected wallet capable of facilitating sales.