BlockBeats News, July 14th, according to on-chain data platform Arkham, the U.S. government-related wallet transferred approximately $288 million in seized cryptocurrency to Coinbase Prime on Monday.

Among them, 2,875 BTC (approximately $178 million) from the Ryan Farace ("xanaxman" case) seizure address and 925.512 BTC (approximately $57 million) from the now-defunct exchange BTC-e case were transferred to Coinbase Prime after being sent to a newly created intermediate address; another wallet related to the Brian Krewson money laundering case transferred 30,007 ETH (approximately $53.1 million) directly to Coinbase Prime.

Reportedly, this transfer took place after Trump signed an executive order in March 2025, stipulating that the seized Bitcoin in the strategic Bitcoin reserve should not be sold in principle. However, the funds transferred to Coinbase Prime do not indicate a sale has occurred, as the platform also provides custody, financing, and asset management services.

As of now, U.S. government-related wallets still hold approximately $20.65 billion in cryptocurrency, including 324,552 BTC, 28,394 ETH, and 1.455 billion USDT, with this transfer accounting for only a small fraction of their total holdings.