
Recent transactions have highlighted significant movements of Bitcoin, involving large sums transferred to various Coinbase wallets, including institutional and prime ones. Notably, Grayscale has transferred a total of 3,184 BTC and 1,424 BTC to Coinbase Prime, amounting to approximately $301 million. Furthermore, the U.S. Department of Justice (DOJ) has been involved in moving a substantial amount of Bitcoin, with a transaction of 30,175 BTC, valued at around $2 billion, to an unknown wallet, speculated to be associated with Coinbase. This activity follows a series of large Bitcoin moves, including two transactions totaling 7,999 BTC ($556k) to new whale wallets in 57 increments of 200 Bitcoin and a significant transfer of 6,513 BTC to a Coinbase Institutional wallet. Additionally, GRAYSCALE has transferred 1634.34 BTC worth $111.4 million to Coinbase. The DOJ's involvement and the large sums transferred have sparked discussions regarding potential sales or custody arrangements for the seized Bitcoin, with some speculating that these moves could be related to the settlement of an over-the-counter (OTC) transaction or a forthcoming sale. Notably, TOTAL GRAYSCALE ETF OUTFLOWS have surpassed $15 billion, and the DOJ has sent 30,174.70349604 BTC in transactions. The DOJ SILK ROAD WALLET moved 2,000 BTC ($139 million), and the US GOVT has sold $130M $BTC.
.@TheJusticeDept transfers $2B Silk Road-related #Bitcoin to new wallet. https://t.co/69G60peQEn
The DOJ has a lot of bitcoin, but it might be gearing up to large chunk of it https://t.co/r81VCBUIQ8
US GOVT SELLS $130M $BTC AFTER ISSUING NOTICE OF SALE IN JANUARY - US govt issued the notification of selling $131M in Bitcoin in January that was connected to a Silk Road agent case - It is likely they sold these funds last night in an OTC trade and these transactions are… https://t.co/BYFd5CzAc1 https://t.co/HeGaoEkKOU




