Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BNB 
BTC Summary
Does this transfer mean Bitcoin is sold? US government-linked addresses transferred 833.6 BTC worth $71.56 million to Coinbase Prime and 40,285 BNB worth $31.63 million through multiple addresses. While moving to Coinbase Prime doesn't equate to an immediate sale (the platform offers custody and trading services), the move has caught the attention of the market. According to a March 2025 executive order, bitcoins deposited in a "strategic bitcoin reserve" cannot be sold. Currently, no federal agency has announced any sales related to this latest transfer.
On-chain data shows that the U.S. government-linked addresses have transferred approximately US$103 million in crypto assets.
According to on-chain analyst EmberCN, addresses associated with the U.S. government have recently transferred large amounts of crypto assets. Specifically, 833.6 BTC units worth US$71.56 million and 40,285 BNB units worth US$31.63 million were transferred out from these addresses, for a total value of approximately US$103 million.
Among them, 833.6 BTC were sent to Coinbase Prime. The 40,285 BNBs went through multiple address jumps and finally stayed at addresses that started with 0xBE7 and ended with 81E.
EmberCN estimates that U.S. government-linked addresses still hold approximately US$28 billion worth of digital assets. The vast majority of them are bitcoins, with approximately 324,000 coins worth approximately US$27.7 billion.
Does switching to Coinbase Prime mean Bitcoin will be sold?
由于 Coinbase Prime 平台具备交易功能，资金转入该平台引发了关于潜在出售行为的猜测。然而，链上数据并未证实任何硬币已被实际出售。
早在 2024 年 7 月，美国法警局便选择 Coinbase Prime 作为保管和交易联邦案件中没收的大额数字资产的合作伙伴。发送至该平台的资产既可以用于存储，也可以用于交易。
类似的情况曾在今年 7 月发生，当时政府钱包将近 2.97 亿美元的被没收比特币和以太坊转移到 Coinbase Prime，但最终并未确认有任何出售行为。
此外，唐纳德·特朗普总统于 2025 年 3 月签署了一项行政命令，建立了“战略比特币储备”，并设立了独立的“美国数字资产库存”以容纳其他加密货币。根据该命令，已完全没收并放入储备金的比特币“不得出售”。需要注意的是，该规则并非涵盖政府钱包中的所有硬币，因为部分资产可能与法院命令或受害者赔偿有关。对于其他加密货币（如 BNB），它们可进入数字资产库存，由财政部长根据现行法律决定如何管理。
历史数据回顾：过往政府转账对比特币价格的影响
回顾历史，早期的政府转账至 Coinbase 有时会导致比特币价格在短期内出现下跌：
- 2024 年 6 月：Authorities transferred 3,940 BTC pieces worth approximately US$240 million, and the price of Bitcoin fell by approximately 2%.
- August 2024: Another 10,000 BTC worth approximately US$594 million was transferred to Coinbase Prime. Bitcoin prices fell 3.6%, although the decline began to appear before the funds arrived.
- July 2024: A government wallet transferred approximately $2 billion in Bitcoin, and the price fell by approximately 1%.
- December 2024: Another wallet transferred nearly 20,000 BTC worth approximately US$1.92 billion.
The U.S. government has also sold confiscated bitcoins before. For example, in March 2023, officials sold 9,861 BTC related to the Silk Road case for approximately US$216 million, an incident that was later confirmed in court documents.
Earlier this year, government wallets also transferred nearly $984,000 worth of confiscated FTX and Alameda assets, of which at least $768,000 reached Coinbase Prime. According to Arkham's analysis, the funds are intended to help repay FTX creditors.
As of now, no federal agency has announced any sale plans related to this latest transfer of 833.6 BTC. Confirming the sale requires more transaction data or official statements from the government and Coinbase.
