Key Takeaways U.S. government-linked wallets transferred nearly 4,000 bitcoin, worth approximately $250 million, to Coinbase Prime on July 13. Arkham linked the largest movements to bitcoin seized in the Ryan Farace and BTC-e federal cases. Coinbase Prime supports custody and trading, so the transfers do not prove the government sold the bitcoin. Why Did Nearly 4,000 Government-Held Bitcoin Move on July 13? Arkham Intelligence data showed U.S. government-linked wallets transferring nearly 4,000 bitcoin to Coinbase Prime, the firm’s crypto brokerage for institutional investors, in several transactions on July 13. The combined assets were valued at roughly $250 million during the …


