{"id":79233,"date":"2026-10-08T12:18:08","date_gmt":"2026-10-08T12:18:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-government-shifts-770m-in-bitcoin-as-mystery-wallets-emerge\/"},"modified":"2026-10-08T12:18:08","modified_gmt":"2026-10-08T12:18:08","slug":"us-government-shifts-770m-in-bitcoin-as-mystery-wallets-emerge","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-government-shifts-770m-in-bitcoin-as-mystery-wallets-emerge\/","title":{"rendered":"US Government Shifts $770M in Bitcoin as Mystery Wallets Emerge"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Galaxy Research tracked 9,261 BTC worth $770 million moving to Coinbase Prime over 2 days.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Another 2,456 BTC came from wallets Galaxy had not previously identified as U.S. government holdings.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Galaxy ranks the Oct. 7 transfers as the government\u2019s ninth-largest bitcoin outflow day since 2013.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Galaxy Uncovers Previously Unknown Bitcoin Holdings<\/h2>\n<p>What started Tuesday as <a href=\"https:\/\/news.bitcoin.com\/featured\/us-government-moves-71m-bitcoin-stash-after-6-week-silence\/\">a $71 million bitcoin transfer<\/a> turned into a much bigger affair by Wednesday, Oct. 7. Galaxy Research tracked another 8,428 BTC heading to Coinbase Prime, bringing the two-day tally to roughly $770 million.<\/p>\n<p>Nearly half the coins originated from the <a href=\"https:\/\/news.bitcoin.com\/court-orders-9-billion-bitcoin-restitution-in-bitfinex-hack-case\/\">notorious 2016 Bitfinex hack<\/a>, with another portion connected to Binance seizures. But the real eyebrow-raiser was the appearance of 2,456 BTC from wallets researchers hadn\u2019t previously associated with Uncle Sam.<\/p>\n<p>The discovery raises questions about how much of Washington\u2019s cryptocurrency inventory remains unidentified. Galaxy attributed the mystery coins to government seizures based on their destination, although that connection has not been independently established.<\/p>\n<p>\u201cBut 2,456 BTC came from previously unknown holdings, which we now assume were USG seizures because they deposited into the USG Coinbase Prime deposit address,\u201d <a href=\"https:\/\/x.com\/glxyresearch\/status\/2107983859421946264?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">Galaxy Research explained<\/a>.<\/p>\n<h2>Coinbase Prime\u2019s Transaction History Offers New Clues<\/h2>\n<p>The receiving address has accumulated 11,567 BTC since December 2025, including 6,406 BTC from recognized <a href=\"https:\/\/news.bitcoin.com\/us-government-shifts-12-36m-in-eth-usdc-and-usdt-to-coinbase-after-mondays-btc-move\/\">government wallets<\/a> and approximately 5,160 BTC from unlabeled senders. Galaxy found that both groups followed similar deposit procedures, with activity dating back to April.<\/p>\n<p>The transaction history offers a glimpse into how federal authorities have handled confiscated cryptocurrency. Coinbase provides institutional custody and trading services to the U.S. Marshals Service, replacing much of the old-fashioned auction machinery once used to dispose of seized bitcoin.<\/p>\n<p>Yet a transfer to an exchange doesn\u2019t necessarily mean a sale is underway. The ultimate destination of the assets remains unclear. Especially after President Donald Trump initiated a <a href=\"https:\/\/news.bitcoin.com\/trump-signs-order-establishing-digital-fort-knox-bitcoin-reserve-funded-by-seized-assets\/\">Strategic Bitcoin Reserve executive order<\/a> that says BTC seized by the U.S. government will never be sold.<\/p>\n<h2>2 Major Cases Account for 71% of Government Holdings<\/h2>\n<p>Galaxy\u2019s accounting places the federal bitcoin balance at 319,086 BTC, down from its historical peak of 352,587 BTC on Aug. 13, 2024. \u201cToday\u2019s balance by case. 71% sits in two buckets that are not settled government property: the Lubian coins and the Bitfinex recoveries,\u201d the research firm noted.<\/p>\n<p>The Bitfinex holdings include approximately 94,643 BTC associated with the exchange\u2019s 2016 security breach. A federal court approved returning those assets to Bitfinex in January 2025, although the principal wallet had not moved when Galaxy published its findings.<\/p>\n<p>The second collection involves 127,271 BTC linked to <a href=\"https:\/\/news.bitcoin.com\/us-government-may-have-quietly-seized-another-2-4b-in-bitcoin-linked-to-lubian-mining-pool\/\">Chen Zhi and the Lubian mining operation<\/a>, which became the subject of a Justice Department civil forfeiture complaint in October 2025.<\/p>\n<h2>Wednesday\u2019s Outflow Ranks Ninth in Government History<\/h2>\n<p>Galaxy examined 6,134 transactions dating back to 2013 and calculated that federal wallets had received 555,260 BTC while sending out 236,173 BTC. Those figures exclude movements between government-controlled addresses.<\/p>\n<p>The firm\u2019s historical comparison placed Wednesday\u2019s activity ninth among the largest daily <a href=\"https:\/\/news.bitcoin.com\/us-government-moves-nearly-4000-btc-to-coinbase-prime-onchain-data-shows\/\">government bitcoin outflows<\/a>, making it the biggest since Dec. 2, 2024.<\/p>\n<p>Washington\u2019s approach to confiscated cryptocurrency has changed considerably. Federal marshals auctioned the <a href=\"https:\/\/news.bitcoin.com\/us-law-enforcement-confiscates-749-bitcoin-tied-to-decade-old-silk-road-crimes\/\">Silk Road bitcoin<\/a> between 2013 and 2015, but seizures have substantially outpaced sales since 2020.<\/p>\n<p>The latest transactions add another chapter to that history without settling the central question. The coins have reached Coinbase Prime, but whether they\u2019re destined for liquidation, continued custody, or eventual restitution remains anyone\u2019s guess.<\/p>\n<p><em>Hero\/Feature image source: Arkham Intelligence \u2013 US Gov wallets. <\/em><\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/us-government-moves-71m-bitcoin-stash-after-6-week-silence\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/us-government-moves-71m-bitcoin-stash-after-6-week-silence\/\"><img alt=\"US Government Moves $71M Bitcoin Stash After 6-Week Silence\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fus-government-moves-71m-bitcoin-stash-after-6-week-silence-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">On Tuesday, the U.S. government moved bitcoin for the first time since Aug. 26, with government-linked wallets shifting 833.6 BTC\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/us-government-shifts-770m-in-bitcoin-as-mystery-wallets-emerge\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Galaxy Research tracked 9,261 BTC worth $770 million moving to Coinbase Prime over 2 days. Another 2,456 BTC came from wallets Galaxy had not previously identified as U.S. government holdings. Galaxy ranks the Oct. 7 transfers as the government\u2019s ninth-largest bitcoin outflow day since 2013. Galaxy [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":79234,"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\/79233"}],"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=79233"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79234"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}