The US government sent $297 million in seized Bitcoin and Ether to Coinbase Prime across two transactions, according to blockchain data tracked by CoinBatmi Shorts.

The transfers consolidate custody of assets from past enforcement actions under a single prime brokerage relationship, a pattern seen in prior government dispositions.

Bitcoin traded at $62,528, off 0.34% in 24 hours on $29.3 billion volume, showing no immediate pressure from the on-chain movement.

Market participants watch whether the coins are staged for auction or long-term holding, as prior sales have been announced weeks after similar transfers.

Exact timing of any sale and buyer identity remain unconfirmed beyond the on-chain receipts.

What to watch

Watch for a formal auction notice from the US Marshals Service or GSA, and whether BTC holds the $62,500 level as the market digests the custody shift.

Key takeaways

• US government moved $297M seized BTC and ETH to Coinbase Prime
• Transfer pattern matches pre-auction custody consolidation
• Next signal: official sale announcement or on-chain distribution

Sources

• Primary: CoinBatmi Shorts — US government moves $297M in seized Bitcoin, Ether to Coinbase Prime
• Supporting: BeInCrypto — The US government moved $297 million in seized Bitcoin and Ether to Coinbase Prime in two transfers

Not financial advice — research only.