The exchange deposits follow a separate transfer of 12,267 BTC, valued at $1.01B, to unlabeled addresses on Wednesday. While some market participants viewed the shifts as a sign of pending liquidation, analysts at CoinDesk and Arkham described that specific movement as internal wallet management. U.S. government-affiliated addresses still hold approximately $26.6B in digital assets, with $26.5B of that total in bitcoin, according to on-chain data from EmberCN.
Wednesday, October 21, 2026
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US Government Deposits $1.54B in Bitcoin into Coinbase Prime
Crypto12 days ago
A total of 17,733 BTC and 750 WBTC were sent from Treasury-linked wallets to a digital asset prime brokerage over a three day period. These deposits, worth roughly $1.54B in aggregate, were made to Coinbase Prime while the price of bitcoin fell 6.9%, according to data from Lookonchain. The assets include holdings previously seized by the U.S. government from Alameda Research and the Bitfinex hacker.
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