U.S. government Bitcoin custody sees 17,733 BTC move to Coinbase Prime

U.S. government-linked wallets sent around 17,733 BTC to Coinbase Prime in early October 2026, moving Bitcoin to a platform already known for handling U.S. government Bitcoin custody. The transfer included assets associated with the Bitfinex hack. Coinfomania reported the movement, citing K33 Research. The research also showed a decline in Bitcoin held in wallets labeled as belonging to the government. The transfer included 12,267 BTC associated with the Bitfinex hack. That amount formed part of the approximately 17,733 BTC sent from government-linked wallets to Coinbase Prime, rather than a separate transfer total.

First reported by The Cryptonomist. This page is a short excerpt; the full text is theirs.