PANews reported on June 27 that according to Lookonchain monitoring, the US government-related wallet address sent 3,940 bitcoins to Coinbase. Bitcoin Treasuries data shows that the US government currently holds 213,546 bitcoins, which is worth more than $13 billion at current market prices. Casa co-founder Jameson Lopp said that since 2014, the US government has seized and sold at least 195,091 bitcoins, making a profit of more than $366 million.