CryptoMedium•7 October 2026•
1 min read
US Government Transfers $103M in Seized BTC and BNB to Coinbase
Key Facts
1The US government transferred 833.6 BTC worth approximately $71.56 million to Coinbase Prime.
2A transfer of 40,285 BNB worth $31.63 million was tracked moving through a multi-hop route.
The US government transferred approximately $103 million in seized cryptocurrency assets to exchange-related addresses on October 7, 2026. According to coingape.com, the transaction included moving 833.6 BTC worth roughly $71.56 million to Coinbase Prime, alongside a transfer of 40,285 BNB valued at $31.63 million through multi-hop routes.
COIN closed at $185.74 on October 6, 2026, prior to the detection of these transfers which on-chain data suggests could be a preparation for liquidation. These moves occur while government-linked wallets continue to hold an estimated $28 billion in digital assets, making the recent transfer represent less than 1% of their total stockpile.