#Bitcoin 🇺🇲**US Government Transferred Nearly $600 Million in Bitcoin from Silk Road to Coinbase Prime**

Recently, the US government made a significant transfer of Bitcoin from funds seized during the raid on Silk Road, a former illicit drug market on the "darknet." The transaction involved approximately 10,000 Bitcoins, currently worth around **USD 593.91 million**.

It is important to note that the US government is currently the largest geopolitical holder of Bitcoin, with **203,000 coins under its control**, valued at approximately **USD 12 billion** at the time of writing. This is not the first time that the US government has moved its Bitcoin holdings. A few weeks ago, they made another transfer of 29,800 Bitcoins, valued at almost **USD 2 billion**, to an unknown address.

The wallet that received the 10,000 Bitcoins has now sent **9,999.99 BTC** (almost **USD 594 million**) to a **Coinbase Prime** deposit wallet. This action could be interpreted as an intention to sell, which could generate bearish pressure on the Bitcoin market. However, it is important to remember that cryptocurrencies are highly volatile and can experience significant changes in their value in a short time.

In short, the transfer of funds from Silk Road to Coinbase Prime by the US government is a relevant event in the world of cryptocurrencies and reflects their growing interest and involvement in this market. We will keep an eye on how this affects the overall Bitcoin landscape and its price in the coming days.