US Authorities Split $2 Billion in Bitcoin Into 2 Wallets, Igniting Custody and Sale Speculation

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US Authorities Split $2 Billion in Bitcoin Into 2 Wallets, Igniting Custody and Sale Speculation

   Arkham Intelligence Bitcoin Coinbase Cryptocurrency custodianship Department of Justice Federal Authorities Institutional Custody News OTC Trading U.S. Government    July 29, 2024  |  0

US Authorities Split $2 Billion in Bitcoin Into 2 Wallets, Igniting Custody and Sale SpeculationFollowing the U.S. government’s transfer of $2 billion in bitcoin, Arkham Intelligence reported that the federal agency divided the funds into two separate Bech32 bitcoin addresses: one containing 10,000 BTC and the other holding 19,799.99 BTC. Arkham speculates that the 10,000 BTC may have been sent to an institutional custody service. Arkham Reports U.S. Bitcoin […]  Read more »
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