👀 Currently, the confiscated $BTC is also periodically sold by the government of Germany.
According to #CryptoQuant , these amounts are deemed insufficient to impact the market significantly, as only Coinbase Prime processes volumes that are orders of magnitude larger. 🧐
The US government transferred 3940 BTC to Coinbase.
🇺🇸 The US government's wallets moved 3940 #BTC☀ ($241 million) to Coinbase.
🔎 #ARKHAM Research reports that these bitcoins were seized from an Indian citizen, Banmit Singh, who in 2024 pleaded guilty to distributing controlled substances and money laundering.
