U.S government about to sell Bitcoin ?

The U.S. government transferred 58.742 bitcoins (BTC), valued at nearly $4 million, to Coinbase (COIN) on Monday, as reported by blockchain analytics firm Arkham Intelligence.

The transfer originated from an address labeled "U.S. Government: Ryan Farace Seized Funds," identified on-chain as 3B2j.....fJWGEDrh6P........FtaU. These funds were seized three years ago from Ryan Farace, who was convicted in 2018 for selling Xanax pills on the dark web.

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