US Treasury Yields Hit 24-Year High as Government Transfers $448M in Bitcoin

Key Facts

1The U.S. 30-year Treasury yield surpassed 5.7% as significant government-linked Bitcoin movements occurred.

2A U.S. government-linked address transferred 5,382.1 BTC worth $448 million to Coinbase Prime.

The U.S. 30-year Treasury yield surpassed 5.7%, reaching its highest level since 2002, amid significant activity in the cryptocurrency market. TokenPost reported that a U.S. government-linked address transferred 5,382.1 Bitcoin, valued at approximately $448 million, to Coinbase Prime, bringing total government digital asset transfers to roughly $670 million over a 32-hour window.

The surge in borrowing benchmarks saw the 10-year Treasury yield rise to 5.33%, adding macro pressure to risk assets. In equity markets, Coinbase (COIN) closed at $178.45 on October 7, 2026, with the stock trading between a low of $177 and a high of $181.2 during that session prior to the news of the federal transfers.