Key facts
- Approximately $1 billion in Bitcoin was moved from a U.S. government-associated wallet.
- The transaction involved 30,000 BTC.
- The Bitcoin was transferred to an unknown wallet.
- The wallet was associated with the U.S. Marshals Service.
Arkham Intelligence CEO Miguel Morel announced on Tuesday that approximately $1 billion worth of Bitcoin, previously held by the U.S. government, was moved to an unknown wallet. The transaction involved 30,000 BTC, which was transferred from a wallet associated with the U.S. Marshals Service. Morel indicated that the move could signal potential sales or a transfer of custody, and that the U.S. government's reserve policy for seized Bitcoin is a significant factor.