The U.S. government put $288.33 million worth of BTC and ETH into Coinbase Prime.


The White House only wrote it into an order last year: BTC entering the strategic bitcoin reserve cannot be sold. On-chain, about 3,800 BTC first went through a new intermediary address, and about 30k ETH went directly into Prime.
But transferring to an exchange doesn’t mean it has already been sold.
Coinbase Prime also provides government custody, and this batch of coins comes from specific confiscation cases. Whether the final confiscation has been completed and the coins have entered the strategic reserve is still unclear. Currently, about 324.6k BTC and 22.5k ETH can still be identified in U.S. government-tagged addresses on-chain.
So the real signal isn’t the U.S. dumping; it’s what happens next—whether these coins continue to sit in custody addresses or flow to OTC or the market.
BTC0.75%
ETH2.87%
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