Blockchain data showed another large Bitcoin transfer tied to seized US government holdings on Wednesday, with more than 12,267 BTC moved in a transaction worth over $1 billion at the time of publication. The move came only hours after separate government-linked transfers totaling $770 million in BTC were sent to a Coinbase Prime wallet. Arkham Research said the wallet involved was connected to funds recovered from the 2016 Bitfinex hack, in which 119,756 BTC were stolen. The destination address in the later transfer had not been identified at publication time. Cointelegraph said it contacted the US Marshals Service and the Department of Justice about the Coinbase Prime transfers but did not receive an immediate response. Estimates cited in the report said the US government held 328,372 BTC as of 2026 from seizures tied to criminal cases and investigations. The report also noted that President Donald Trump signed an executive order in March 2025 creating a strategic Bitcoin and crypto reserve, while lawmakers are still working to turn that order into law.
The US government moved more seized Bitcoin on Wednesday, with blockchain data showing a transfer of more than 12,267 BTC worth over $1 billion at the time of publication.
The transaction came just hours after other government-linked Bitcoin transfers totaling $770 million were sent to a Coinbase Prime wallet.
Arkham ties wallet to recovered Bitfinex hack funds
Arkham Research linked the wallet behind the latest transfer to funds recovered from the 2016 Bitfinex hack. In that breach, hackers stole 119,756 BTC.
At the time of publication, the owner of the receiving address had not been identified.
No immediate response from US agencies
Cointelegraph said it had contacted the US Marshals Service and the Department of Justice for comment on the Coinbase Prime transfers. Neither agency had provided an immediate response.
Government holdings remain in focus
Estimates cited in the report said the US government held 328,372 BTC as of 2026, with those holdings coming from assets seized in criminal cases and investigations.
The report also said US President Donald Trump signed an executive order in March 2025 establishing a strategic Bitcoin and crypto reserve. Lawmakers are still trying to codify that order into law.
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