Will the bat collapse???🙈

The US government moved $1.92 billion in Bitcoin into new wallets, with $963 million immediately going to Coinbase. These assets come from the Silk Road confiscation, so the US can legally sell them all.

Community members are concerned that President Biden is trying to sell US stocks before Trump's inauguration, complicating his plans to create a Bitcoin reserve.

US Bitcoin Reserve

The US government moved $1.92 billion worth of Bitcoin into new wallets on Monday, November 2, according to data from blockchain-based platform Arkham. These assets were split into two new wallets, one of which then moved 963 million BTC to Coinbase.

These bitcoins come from Silk Road seizures, which the US government can legally sell, sparking fears of a massive reset🤦‍♂️