US government moves $177K in seized Bitcoin to Coinbase Prime
Two wallets associated with US government seized assets on Friday moved 2.4 Bitcoin worth approximately $177,000 to Coinbase Prime, on-chain data shows.
According to Timechain Index, the funds trace back to assets seized in the Glenn Olivio case, which is tracked alongside other major confiscations like Silk Road.
The transfers came after the US government shifted around 0.04 Bitcoin worth over $2,500 last month. The assets are tied to the Miguel Villanueva seizure case.
The transfer comes amid ongoing efforts by US authorities to expand the Strategic Bitcoin Reserve established in March 2025, which has reached about 328,370 BTC through forfeiture-related holdings.
In the past, US agencies periodically sold confiscated Bitcoin rather than holding it.
This is a developing story. Please check back for further updates.
