US Government Transfers $4 Million in Seized Bitcoin to Coinbase

The move raises questions about potential liquidation plans and future policy directions.

The US government moved 58.74 Bitcoin, worth nearly $4 million, to Coinbase from a wallet linked to seized funds.
The funds were originally seized from Ryan Farace, convicted for selling Xanax on the dark web.
This transfer is part of a broader trend, with the government moving 6,261 Bitcoins, worth $392 million, in 2024.
Speculation grows over whether Bitcoin will be endorsed as a strategic reserve asset by political figures.
The government's holdings still exceed 213,000 Bitcoins, valued at over $14 billion.