US Government Transfers $177K in BTC to Coinbase Prime

The US government has continued its recent trend of reactivating cryptocurrency wallets, with the latest activity involving a transfer of 2.44 BTC to Coinbase Prime.

According to data from Arkham Intelligence and mempool.space, the two transactions totaling 2.44 BTC were executed on April 10, 2026. The funds are allegedly linked to Glenn Olivio, an individual indicted in 2025 for steroid trafficking and money laundering.

The transfer is significant as it marks a change in policy under the Trump administration's Strategic Bitcoin Reserve order. Under this order, seized bitcoin is no longer sold but rather held long-term.