U.S. government-linked wallets sent around 17,733 BTC to Coinbase Prime in early October 2026, moving Bitcoin to a platform already known for handling U.S. government Bitcoin custody. The transfer included assets associated with the Bitfinex hack.
Coinfomania reported the movement, citing K33 Research. The research also showed a decline in Bitcoin held in wallets labeled as belonging to the government.
Bitcoin transferred to Coinbase Prime
The transfer included 12,267 BTC associated with the Bitfinex hack. That amount formed part of the approximately 17,733 BTC sent from government-linked wallets to Coinbase Prime, rather than a separate transfer total.
K33 Research supplied both the overall transfer figure and the amount linked to the hack. The reported movement took place in early October 2026.
Coinbase Prime’s role in U.S. government Bitcoin custody
Coinbase Prime is known for safeguarding government assets, including those of the U.S. Marshals Service. It also provides custody services for institutional clients.
The report discusses the transfer in the context of custody arrangements and government asset management. Its account places the receiving platform’s existing custodial role alongside the movement of government-linked Bitcoin.
Labeled government holdings decline
Bitcoin holdings in government-labeled wallets fell from 324,527 BTC to 306,795 BTC, according to K33 Research. Those figures describe the labeled holdings tracked in the report.
The government’s Bitcoin portfolio consists largely of assets obtained through criminal seizures. The Bitfinex-associated Bitcoin was among the assets included in the transfer to Coinbase Prime.
Government-linked movements draw market attention
Traders closely follow movements of government-linked Bitcoin for potential signals about institutional demand, the report says.
The reported figures put labeled government holdings at 306,795 BTC after the decline from 324,527 BTC.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.