US Government Sends 2.44 BTC From Drug Case to Coinbase Prime in Fresh Wallet Activity

Key Takeaways:

• The U.S. authorities sent astir 2.44 BTC, valued astatine much than $177,000, linked to Glenn Olivio, to Coinbase Prime connected April 10, 2026.
• Arkham Intelligence tracked the transfer, which represents conscionable 0.0007% of the government’s full 328,369.55 BTC holdings.
• Under Trump’s Strategic Bitcoin Reserve order, seized bitcoin is present held semipermanent alternatively than sold, signaling a imperishable argumentation shift.

U.S. Government Bitcoin Wallets Reactivate, Feds Quietly Move 2.44 BTC

In caller weeks, cryptocurrency wallets reportedly owned by the U.S. authorities person shown heightened activity, with seized assets from Chen Zhi, Ross Ulbricht, Miguel Villanueva, and funds linked to the 2016 Bitfinex hack being consolidated.

On April 10, national authorities transferred funds reportedly associated with an indicted steroid distributor, Glenn Olivio, on with his alleged co-conspirator, Dana Rene Light. On X, Arkham Intelligence flagged the transfer.

“The U.S. Government conscionable moved cause money,” Arkham wrote connected the societal media platform. “They moved $177.4K of BTC to Coinbase Prime. It was seized from Glenn Olivio, a steroid distributor indicted successful 2025, and was their archetypal determination successful implicit a month. Will the USG merchantability this bitcoin?”

The American authorities executed the transportation successful 2 chiseled transactions. One accounted for 1.9785397 BTC, portion the different totaled 0.45963654 BTC. Together, they carried a worth exceeding $177,000 astatine prevailing BTC speech rates.

Data from Arkham Intelligence and mempool.space indicates that some transactions arrived astatine the aforesaid Coinbase Prime deposit code opening with 3EMqu. In the lawsuit against Olivio, prosecutors contend the substance centers connected anabolic steroid trafficking, and the funds transferred connected Friday are alleged to beryllium connected to Olivio’s purportedly laundered assets.

While the feds reportedly clasp 328,369.55 BTC, they besides allegedly clasp 62742.24 ETH worthy $140.76 million.

At present, the U.S. authorities retains a wide premix of digital assets, with the bulk of the worth tied to the astir 328,369.55 BTC held successful its reserves. Donald Trump’s Strategic Bitcoin Reserve bid states that seized bitcoin held by the authorities indispensable not beryllium sold.

However, nary broad audit of these holdings has been conducted, and existent estimates trust connected flagged wallets identified by Arkham Intelligence done its blockchain explorer.

The U.S. government’s bitcoin holdings are often inferred from estimates derived done flagged wallet maps and blockchain explorers specified arsenic Arkham Intelligence, though these figures stay unverified by immoderate authoritative confirmation.