The U.S. government has transferred $75 million worth of Bitcoin (BTC) to a new wallet. The transaction involved 667.6 BTC sent to an address having no history of activity.
Even after the transfer, the U.S. government still holds about 197,000 Bitcoin, worth more than $22 billion. Data from Arkham Intelligence shows that the transfer took place on October 14, 9:11 UTC.
Prior to sending the full amount, the government first sent a test transaction of 0.001 BTC and then sent the full amount in the second transaction.
Moreover, the recent transfer comes after the U.S. President Donald Trump’s March executive order to create a strategic Bitcoin reserve. The plan uses crypto assets seized from criminal cases and treats them as part of the country’s economic reserves, much like gold or foreign currency holdings.
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