Arkham CEO on $1 Billion of U.S. Government Bitcoin Moved to “Unknown” Wallet
▶ Bitcoin Magazine Arkham CEO on $1 Billion of U.S. Government Bitcoin Moved to “Unknown” Wallet A US gov wallet moved $1B in BTC. Arkham's Miguel Morel breaks down transaction trails, potential sales vs. custody transfers, and reserve policy factors. This post Arkham CEO on $1 Billion of U.S. Gov
Source: Bitcoin Magazine
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DW NOTE
The U.S. government moved $1 billion in seized Bitfinex hack bitcoin to an unknown wallet, and the market is guessing whether it's a sale or a custody shuffle. Neither answer is reassuring — one means immediate selling pressure, the other means the government is reorganising a hoard it has repeatedly shown it will liquidate whenever politically convenient, reserve legislation or not.