{"id":70989,"date":"2026-04-11T14:54:48","date_gmt":"2026-04-11T14:54:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-government-sends-2-44-btc-from-drug-case-to-coinbase-prime-in-fresh-wallet-activity-crypto-news-bitcoin-news\/"},"modified":"2026-04-11T14:54:48","modified_gmt":"2026-04-11T14:54:48","slug":"us-government-sends-2-44-btc-from-drug-case-to-coinbase-prime-in-fresh-wallet-activity-crypto-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-government-sends-2-44-btc-from-drug-case-to-coinbase-prime-in-fresh-wallet-activity-crypto-news-bitcoin-news\/","title":{"rendered":"US Government Sends 2.44 BTC From Drug Case to Coinbase Prime in Fresh Wallet Activity \u2013 Crypto News Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li aria-level=\"1\">The U.S. government sent approximately 2.44 <span>BTC<\/span>, valued at more than $177,000, linked to Glenn Olivio, to Coinbase Prime on April 10, 2026.<\/li>\n<li aria-level=\"1\">Arkham Intelligence tracked the transfer, which represents just 0.0007% of the government\u2019s total 328,369.55 <span>BTC<\/span> holdings.<\/li>\n<li aria-level=\"1\">Under Trump\u2019s Strategic <span>Bitcoin<\/span> Reserve order, seized <span>bitcoin<\/span> is now held long-term rather than sold, signaling a permanent policy shift.<\/li>\n<\/ul>\n<h2>U.S. Government <span>Bitcoin<\/span> Wallets Reactivate, Feds Quietly Move 2.44 <span>BTC<\/span><\/h2>\n<p>In recent weeks, <span>cryptocurrency<\/span> wallets reportedly owned by the U.S. government have shown <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/usg\" target=\"_blank\" rel=\"noopener noreferrer\">heightened activity<\/a>, with seized assets from Chen Zhi, Ross Ulbricht, Miguel Villanueva, and funds linked to the 2016 Bitfinex hack being consolidated.<\/p>\n<p>On April 10, federal authorities transferred funds reportedly associated with an indicted steroid distributor, Glenn Olivio, along with his alleged co-conspirator, Dana Rene Light. On X, Arkham Intelligence <a href=\"https:\/\/x.com\/arkham\/status\/2042838538128167157?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">flagged<\/a> the transfer.<\/p>\n<p>\u201cThe U.S. Government just moved drug money,\u201d Arkham wrote on the social media platform. \u201cThey moved $177.4K of <span>BTC<\/span> to Coinbase Prime. It was seized from Glenn Olivio, a steroid distributor indicted in 2025, and was their first move in over a month. Will the USG sell this <span>bitcoin<\/span>?\u201d<\/p>\n<p>The American government executed the transfer in two distinct transactions. One accounted for 1.9785397 <span>BTC<\/span>, while the other totaled 0.45963654 <span>BTC<\/span>. Together, they carried a value exceeding $177,000 at prevailing <span>BTC<\/span> exchange rates.<\/p>\n<p>Data from Arkham Intelligence and mempool.space indicates that both transactions arrived at the same <a href=\"https:\/\/news.bitcoin.com\/us-banking-group-slams-coinbase-conditional-trust-approval-citing-risks-in-crypto-banking-expansion\/\">Coinbase<\/a> Prime deposit address beginning with 3EMqu. In the case against Olivio, prosecutors contend the matter centers on anabolic steroid trafficking, and the funds transferred on Friday are alleged to be connected to Olivio\u2019s purportedly laundered assets.<\/p>\n<figure id=\"attachment_805250\" aria-describedby=\"caption-attachment-805250\" style=\"width:1528px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-805250\" class=\"wp-caption-text\">While the feds reportedly hold 328,369.55 <span>BTC<\/span>, they also allegedly hold 62742.24 <span>ETH<\/span> worth $140.76 million.<\/figcaption><\/figure>\n<p>At present, the U.S. government retains a broad mix of <a href=\"https:\/\/markets.bitcoin.com\" target=\"_blank\" rel=\"noopener noreferrer\">digital assets<\/a>, with the majority of the value tied to the roughly 328,369.55 <span>BTC<\/span> held in its reserves. Donald Trump\u2019s <a href=\"https:\/\/news.bitcoin.com\/trump-signs-order-establishing-digital-fort-knox-bitcoin-reserve-funded-by-seized-assets\/\">Strategic Bitcoin Reserve<\/a> order states that seized <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> held by the government must not be sold.<\/p>\n<p>However, no comprehensive audit of these holdings has been conducted, and current estimates rely on flagged wallets identified by Arkham Intelligence through its <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain-explorer\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain explorer<\/a>.<\/p>\n<p>The U.S. government\u2019s <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> holdings are often inferred from estimates derived through flagged wallet maps and <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain-explorer\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain explorers<\/a> such as Arkham Intelligence, though these figures remain unverified by any official confirmation.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/us-government-sends-2-44-btc-from-drug-case-to-coinbase-prime-in-fresh-wallet-activity\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: The U.S. government sent approximately 2.44 BTC, valued at more than $177,000, linked to Glenn Olivio, to Coinbase Prime on April 10, 2026. Arkham Intelligence tracked the transfer, which represents just 0.0007% of the government\u2019s total 328,369.55 BTC holdings. Under Trump\u2019s Strategic Bitcoin Reserve order, seized [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":70990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70989"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=70989"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/70990"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=70989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=70989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=70989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}