US government moves $297M in seized Bitcoin, Ether to Coinbase Prime
Cointelegraph 2026-07-14 03:35:51
Context: The US government has transferred $297 million worth of seized Bitcoin and Ether to Coinbase Prime, a move that has sparked questions about the government's intentions, particularly in light of former President Trump's pledge to create a Bitcoin reserve. The transfers were made recently, but the exact date is not specified. The deposits have raised speculation about a potential sale, although it is unclear whether the assets will be sold.
Key Facts
- The US government transferred a total of $297 million worth of seized Bitcoin and Ether to Coinbase Prime, a cryptocurrency exchange platform.
- The transfers have raised questions about the government's intentions, particularly with regard to former President Trump's pledge to create a Bitcoin reserve, although deposits to Coinbase Prime do not necessarily confirm an impending sale.
- The assets transferred are comprised of Bitcoin and Ether that were previously seized by the government, although the specific circumstances of the seizure are not detailed in the report.