The USA government moved $8.8 million of Bitcoin to Coinbase Prime on Monday evening, according to blockchain intelligence agency Arkham.
“The US Government simply moved $8.8M of BTC to Coinbase Prime. The Coinbase Prime deposit that acquired this BTC 1 hour in the past additionally acquired seized BTC from the founders of Samourai Pockets up to now. Will the USG sell BTC?”
That final query is the one that issues, as a result of Washington has already answered it.
Trump’s March 2025 executive order creating the Strategic Bitcoin Reserve set one central rule: the government’s Bitcoin is to not be bought. The US is the biggest state holder on this planet, sitting on roughly 328,372 BTC.
However the reserve exists solely by govt order, not by legislation. The American Reserve Modernization Act, launched in Might, would codify it and impose a 20-year necessary holding interval. It has not handed. CoinDesk reported this month that federal businesses are nonetheless understanding how the reserve truly operates.
A switch to a main dealer is just not a sale. Seized cash nonetheless shifting by means of forfeiture proceedings could also be dealt with individually from the reserve completely. However shifting Bitcoin onto an alternate desk is the step that comes earlier than promoting it, and the government has an extended document of cashing out early.
Bitcoin trades close to $64,000, down greater than 40% this 12 months.
This story was initially revealed by TheStreet on Jul 13, 2026, the place it first appeared within the MARKETS part. Add TheStreet as a Preferred Source by clicking here.
