Massive BTC Transfer by US Government Raises Concerns

The U.S. government has transferred 2,874.9 Bitcoin worth approximately $183.28 million to Coinbase Prime, according to blockchain data shared by Galaxy Research.

The transaction was performed across Bitcoin blocks 957893 and 957894 from a government-controlled address.

The latest movement brings the total amount of $BTC sent by U.S. authorities to Coinbase Prime today to nearly 4,000 $BTC.

Speculation about transfer

The translation has raised some speculation about whether the coins could be prepared for liquidation or internal custody operations.

In March 2025, an executive order was signed to establish the Strategic Bitcoin Reserve, directing the Treasury Department.

Treasury Secretary Scott Bessent previously said that the government would not purchase Bitcoin directly for the Strategic Bitcoin Reserve but would retain confiscated $BTC instead of selling it.

The latest Coinbase Prime transfer has therefore raised questions among investors about whether the US government is preparing for potential sales.

Notably, the coins trace to multiple unrelated cases ($BTC-e and others). It is highly unusual for the government to move them at the same time.