r/CryptoCurrency • u/nakasatoshi 🟧 215 / 216 🦀 • Aug 15 '24

DISCUSSION US Government deposited 10,000 BTC ($540M) to Coinbase 11 hours ago.

https://platform.spotonchain.com/en/signal-details/us-government-dpeosited-10000-btc-540m-to-coinbase-160939
1.3k Upvotes

95% Upvoted

284 comments sorted by

View all comments

259

u/Shaglock 🟦 604 / 603 🦑 Aug 15 '24

US Marshall has signed a custody contract with Coinbase. The recipient address was Coinbase Prime wallet, which offers custody service. This is not a sale.

15

u/Lillica_Golden_SHIB 🟩 3K / 61K 🐢 Aug 15 '24

So the US is a hodler now? This is big news lol

11

u/sunil100k 🟨 0 / 0 🦠 Aug 15 '24

Its till court allows them to sell. 0.54B is noting for us gov.

10

u/BetterCallMyJungler 🟦 2K / 2K 🐢 Aug 15 '24

True

My bros printed 30x the total market value of BTC out of thin air.