US Moves 3,941 BTC and 30,007 ETH to Coinbase Prime

U.S. government-tagged wallets transferred 3,941 BTC and 30,007 ETH to Coinbase Prime over roughly eight hours. Blockchain tracking services estimated the combined value at about $288.3 million. Officials have not released records explaining the transfers.

Coinbase Prime was selected by the U.S. Marshals Service in July 2024 to provide custody and trading services for large-cap digital assets. The platform can hold assets in custody and also support trading, so the transfers could represent consolidation of government holdings, operational custody, or an authorized disposition depending on off-chain instructions.

A March 2025 executive order establishes a Strategic Bitcoin Reserve and directs that government BTC deposited into the reserve “shall not be sold.” Bitcoin qualify for reserve status only if the assets are finally forfeited and free of statutory restrictions or required releases under law and Treasury accounting rules. Reserve classification depends on legal and accounting records, not on on-chain wallet activity.

The 30,007 ETH follows a separate policy path. Finally forfeited non-Bitcoin assets are to be managed in a U.S. Digital Asset Stockpile. The order directs the Treasury to apply responsible stewardship strategies and preserves channels to use assets or proceeds for victim restitution, law enforcement needs, equitable sharing, court orders and other statutory obligations.

On-chain data shows the receipt of funds by Coinbase Prime but does not record internal custody accounts, accounting entries or authorization documents. Proof of a completed sale or other disposition would normally appear in a Treasury, Justice Department or U.S. Marshals Service statement; a court or forfeiture record authorizing disposition; or custodian records showing execution and treatment of proceeds.

As of the latest public data, the record stops at the assets’ arrival at Coinbase Prime. Any future transfers or disposition of proceeds will require official records or public statements to show whether the Bitcoin were entered into the Strategic Bitcoin Reserve or handled under other authorized mechanisms.