- US government moved $1.92 billion in Bitcoin, fueling concerns about potential market impact.
- Bitcoin sale fears rise, but transfers may be for safekeeping, not imminent liquidation.
As Donald Trump’s administration prepares for its official transition on 20th January, 2025, the US government has taken significant steps involving its Bitcoin [BTC ($89,511.00)] holdings.
Recently, $1.92 billion worth of BTC, primarily seized from the Silk Road operation, was transferred into new wallets.
Of this, $963 million was immediately sent to Coinbase, a move that signals potential future sales.
This transfer is part of a broader trend where the U.S. government has shifted substantial Bitcoin assets—approximately $2.6 billion between July and August—further hinting at preparations for liquidation.
Is the Biden admin planning something big?
Amid growing concerns, community members speculate that President Joe Biden may be attempting to offload the U.S. government’s BTC reserves before Trump’s inauguration, potentially undermining plans to establish a Bitcoin Reserve.
On 2nd December 2024, data from Arkham, an on-chain intellige...
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