CryptoMedium•8 October 2026•
1 min read
US Government Transfers 9,261 Bitcoin Worth $770M to Coinbase Prime
Key Facts
1The US government moved 9,261 Bitcoin worth approximately $770 million to Coinbase Prime.
2The transfers included 2,456 BTC in newly discovered funds linked to federal law enforcement seizures.
The US government moved 9,261 Bitcoin worth approximately $770 million to Coinbase Prime. Reuters reported that the transfers included 2,456 BTC in newly discovered funds linked to federal law enforcement seizures.
These transfers occurred as shares of Coinbase Global, Inc. (COIN) closed at $178.45 on October 7, 2026. Such movements of seized assets to exchange custody services often precede institutional liquidation or custodial rebalancing, which can increase supply-side pressure in the digital asset market.