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IntoTheBlock: US government-related wallets still hold nearly 12 billion dollars in bitcoin

IntoTheBlock said in a post on X that the US government recently transferred $600 million worth of dark web Silk Road seized bitcoins to Coinbase Prime. While deposits to exchanges usually mean a sell-off, the transfer may be for custodial purposes. Wallets linked to the US government still hold nearly $12 billion in bitcoin.

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2024-08-17 05:52:15
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