US government deposits $177K in seized Bitcoin on Coinbase Prime
Crypto Briefing
The US government recently transferred $177,000 in seized Bitcoin to the Coinbase Prime platform.Summary
On-chain data reveals that the US government moved 2.4 Bitcoin, valued at approximately $177,000, into a Coinbase Prime account. These assets are linked to seizures from the Glenn Olivio case, following smaller transfers tied to the Miguel Villanueva case last month. This activity occurs as US authorities continue to manage a Strategic Bitcoin Reserve that has grown to roughly 328,370 BTC through government forfeitures.
(Source：Crypto Briefing)