US Government Transfers 264 Bitcoin Worth $23M to Coinbase
The U.S. government has moved approximately 264.8 Bitcoin, valued at around $23 million, from a government-controlled wallet to Coinbase. This transfer is linked to the Bitfinex hack restitution and does not appear to be a market sale.
8 Bitcoin, worth about $23 million, were moved to Coinbase from a government wallet tied to the 2016 Bitfinex hack. The transfer does not appear to be a sale and instead looks like a long-delay move.