"The U.S. government executed the transfer in two distinct transactions, one accounting for 1.9785397 BTC and the other totaling 0.45963654 BTC, together valued at over $177,000."
"Arkham Intelligence tracked the transfer, noting that it represents just 0.0007% of the government's total 328,369.55 BTC holdings, indicating a significant amount of seized bitcoin."
"Under Trump's Strategic Bitcoin Reserve order, seized bitcoin is now held long-term rather than sold, signaling a permanent policy shift in the management of these assets."
On April 10, 2026, the U.S. government moved approximately 2.44 bitcoin, valued at over $177,000, to a Coinbase Prime custody address. This transfer is linked to Glenn Olivio, an indicted steroid distributor. The transaction represents a small fraction of the government's total bitcoin holdings. Under a new policy, seized bitcoin will be held long-term rather than sold. Recent activity in U.S. government cryptocurrency wallets indicates consolidation of various seized assets, marking a shift in handling such funds.
Read at news.bitcoin.com
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