US Government Bitcoin Transfers Signal Custody Consolidation Over Liquidation

The US government is consolidating its digital assets into regulated custody. In April 2026, the government transferred approximately $783,000 in Bitcoin to Coinbase Prime. Earlier transfers to the same Coinbase address included 8.2 BTC, worth roughly $606,000, and 2.438 BTC, worth about $177,000. These movements involve funds linked to the 2016 Bitfinex hack and wallets labeled “US Government: Glenn Olivio Seized Funds.” The U.S. Marshals Service manages these assets through a $32.5 million custodial services contract with Coinbase. This activity occurs under a March 6, 2025, Executive Order signed by President Donald Trump, which established the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. The order prohibits the sale of Bitcoin deposited into the Strategic Bitcoin Reserve. The US government currently holds approximately 328,361 BTC, valued at roughly $24 billion.