U.S. Government Transfers $1 Billion in Bitcoin to Coinbase Prime
The U.S. government has moved another 12,267 BTC, worth approximately $1.01 billion, to Coinbase Prime, following a previous transfer of $770 million.
The U.S. government has moved another 12,267 BTC, worth approximately $1.01 billion, to Coinbase Prime, following a previous transfer of $770 million. Bitcoin (BTC) is trading at $82,967.00. This is an original Token Times brief synthesising 7 outlets (Crypto Adventure, The Cryptonomist, Crypto.news, and others), with their figures cross-checked, plus live market data, as of Sun, 11 Oct 2026 09:45:01 UTC.
This significant transfer highlights the U.S. government's ongoing efforts to manage seized cryptocurrency assets and may indicate preparations for liquidation or storage management. The movement of such large amounts can impact market sentiment and liquidity.
- U.S. Government Sends Another $1 Billion in Bitcoin to Coinbase Prime After $770 Million Transfer ↗
- Bitcoin Price Briefly Reclaims $81,000 as Liquidations Top $1 Billion ↗
- U.S. Government Sends $1 Billion in Seized Bitfinex Bitcoin to Unlabeled Wallets ↗
- US eyes $1 billion Iran-linked crypto seizure, Bessent says ↗
- Ripple just three weeks away from dumping 1 billion XRP ↗
- Developers' Token Buybacks for This Altcoin Have Exceeded $1 Billion ↗
- Robinhood Chain transactions fall 42% as app deposits stay above $1 billion ↗
- 12,267 BTC ($1.01B) transferred to Coinbase Prime by U.S. government-linked wallets.
- This follows a previous $770 million Bitcoin transfer to the same platform.
- On-chain data confirms the movement, with no exchange deposit recorded yet.
- The transfer comes amid a period of increased regulatory activity in crypto.
Multiple outlets, including Crypto Adventure, The Cryptonomist, Crypto.news, CoinDesk, and Unchained, confirm that 12,267 BTC ($1.01 billion) was transferred to Coinbase Prime by U.S. government-linked wallets. However, Unchained reports that the source of the Bitcoin was the 2016 Bitfinex hack, while other outlets do not specify the origin. Additionally, Crypto Adventure and CryptoNews highlight the timing of the transfer following a previous $770 million Bitcoin transaction to Coinbase Prime, though the exact timeframe for the initial transfer is not detailed in all reports.
On October 8, 2026, U.S. government-linked wallets transferred 12,267 BTC, valued at approximately $1.01 billion, to Coinbase Prime. This transfer was first flagged by Lookonchain and later corroborated by Ember, which tracked the coins to their destination. The movement follows a previous transfer of $770 million in 
Bitcoin to the same platform, suggesting a pattern of asset redistribution by the U.S. government.
The source of the Bitcoin in this latest transfer has been a point of discussion. Unchained reports that the coins were from the 2016 Bitfinex hack, while other outlets do not specify the origin. This discrepancy highlights the complexity of tracking seized cryptocurrency and the challenges in verifying the provenance of such large transactions.
The transfer comes at a time when the U.S. government is increasingly active in seizing and managing cryptocurrency assets. U.S. Treasury Secretary Scott Bessent has stated that authorities have located about $1 billion in Iran-linked cryptocurrency that could be seized, indicating a broader crackdown on illicit crypto activities.
In related news, Robinhood Chain transactions have fallen by 42% between mid-September and early October 2026, according to The Cryptonomist and Crypto.news. Despite this slowdown, deposits in decentralized finance applications remain above $1 billion, and perpetual futures trading has shown resilience.
The broader market context shows a relatively flat overall crypto market cap of $2.87 trillion. Bitcoin's price has increased by 0.30% in the last 24 hours, trading at $83,007, while 
XRP has seen a slight decline of 0.92% over the same period, trading at $1.39. The Fear & Greed Index stands at 61, indicating a state of 'Greed' among investors.
The transfer of such a large amount of Bitcoin to Coinbase Prime could have implications for market liquidity and investor sentiment. It also raises questions about the U.S. government's long-term strategy for managing seized crypto assets and potential future liquidations. Investors and market observers will likely monitor Coinbase Prime's activities closely in the coming weeks.
Since this brief published about 2 days ago, Bitcoin (BTC) has moved from $83,007.00 to $82,967.00 — -0.05%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.65M (about $82,967.00), up 0.2% over 24 hours. The rupee itself trades about 7.7% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
2 key figures independently matched across 7 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 11, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
U.S. Government Transfers $1 Billion in Bitcoin to Coinbase — questions & answers
What is the total value of the Bitcoin transferred to Coinbase Prime?
The total value of the transferred Bitcoin is approximately $1.01 billion.
Where did the Bitcoin originate from?
Unchained reports that the Bitcoin came from the 2016 Bitfinex hack, though other outlets do not specify the origin.
How does this transfer compare to previous ones?
This transfer follows a previous $770 million Bitcoin transfer to Coinbase Prime, indicating a pattern of asset redistribution.
How much is 1 Bitcoin worth in rupee today?
About ₹8.65M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $82,967.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Adventure, The Cryptonomist, Crypto.news, Bitcoin Sistemi, Unchained, Finbold, CryptoNews, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.