Compass Investments

Crypto vs. Dollar

📌 US government transfers $240 million in bitcoins to Coinbase – another sale? – Decipher.

The U.S. government appears to be selling more and more bitcoins. On Wednesday, a well-known federal government wallet address transferred another 3,940 BTC ($240 million) to Coinbase. Coinbase

– The U.S. government appears to be selling more and more bitcoins. On Wednesday, a well-known federal government wallet address transferred another 3,940 BTC ($240 million) to Coinbase.

The transfer to Coinbase Prime, the exchange’s institutional platform, was immediately noticed by blockchain experts, who noted that the transfer was made at 1 p.m. ET for just $18.

Experts disagree on where the government got the transferred bitcoin from.

Bitcoin

Bitcoin

$62,538.95

BTC 5.31%

Ethereum

Ethereum

$3,335.18

ETH 5.08%

Binance Coin

Binance Coin

$553.44

BNB 3.80%

XRP

XRP

$0.53

XRP 2.60%

Dogecoin

Dogecoin

$0.12

DOGE 5.54%

Cardano

Cardano

$0.44

ADA 2.28%

Solana

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$151.85

SOL 5.67%