In brief
The U.S. government moved $288 million in seized Bitcoin and Ethereum to Coinbase Prime on Monday, according to on-chain tracker Arkham.
The transfers revived speculation about a possible sale, though Coinbase Prime is the government's custodian and a deposit there does not confirm one.
A 2025 executive order bars selling Bitcoin held in the Strategic Bitcoin Reserve, but that rule covers finally forfeited coins, and these appear to come from still-active criminal cases.
The U.S. government shifted $288 million in seized Bitcoin and Ethereum onto Coinbase Prime on Monday, on-chain tracker Arkham showed, reviving speculation that Washington could be preparing to sell crypto it has pledged to hold.The transfers, spread over about half a day, included around 3,800 BTC worth $235 million and about 30,000 ETH worth $53 million, drawn from several criminal cases. The Bitcoin came from funds seized from Ryan Farace, a dark-web dealer known as "Xanaxman", and the defunct exchange BTC-e, and was routed through intermediary wallets before reaching Coinbase Prime. The Ethereum, tied to a $54 million money-laundering case involving Oracle employee Brian Krewson, went straight to a deposit address.
