US Government Transfers Seized Bitcoin in Alleged Steroid Conspiracy Case

The US government has made a recent transfer of seized Bitcoin linked to an alleged steroid conspiracy case. The transfer involved 2.438 BTC, worth approximately $177,000, sent from seized wallets to a Coinbase Prime address.

The funds were previously linked by Arkham Intelligence to Glenn Olivio, who faced charges in 2025. This move has renewed focus on the federal reserve policy regarding seized bitcoin, which has been under scrutiny in recent weeks.

The US government currently holds approximately 328,000 BTC, valued at over $22 billion at current market prices. The transfer is likely to draw attention as it may be related to a previous case tied to an alleged steroid distribution ring.