US Government Transfers Seized Bitcoin to Coinbase Prime

The US government has made another significant move in its management of seized cryptocurrency assets. According to on-chain data, two wallets associated with US government-held assets transferred $177,000 worth of Bitcoin to Coinbase Prime.

The funds originated from the Glenn Olivio case, a major confiscation tracked alongside Silk Road and other notable seizures. This transfer is part of an ongoing effort by US authorities to expand the Strategic Bitcoin Reserve established in March 2025.

The reserve currently holds around 328,370 BTC through forfeiture-related holdings. In contrast to previous practices where seized assets were periodically sold, the US government has opted for a more strategic approach to managing these digital assets.