Govt Moves $300M Crypto to Coinbase | Bitcoin and Crypto News

The U.S. government just moved nearly $300 million in seized Bitcoin and Ether—4,000 BTC and 30,000 ETH—to Coinbase Prime, sparking confusion after a March executive order banned selling seized crypto. While it might seem like a sale is imminent, Coinbase Prime offers institutional services like holding and trading, so this could just be a strategic realignment. It’s not the first time the government has moved crypto to Coinbase Prime, but this is one of the largest transfers this year, echoing past seizures from major players and even the 2016 Bitfinex hack. With over $20 billion in crypto assets still held by the government—including hundreds of thousands of BTC and ETH—these moves are just a glimpse into their massive digital vault. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/53cab03578d5f69c