Wallets linked to the U.S. government moved 833.599 BTC, valued at about $71.6 million, through intermediary addresses to Coinbase Prime deposit addresses on Oct. 7, 2026, according to CoinDesk. A separate government-labeled wallet moved 40,285 BNB, worth about $31.63 million, through newly created unlabeled addresses that day, Unchained reported.
The observed transfers totaled more than $100 million, but the on-chain activity does not confirm that the bitcoin was sold.
833.599 BTC reaches Coinbase Prime deposit addresses
The bitcoin transfer passed through intermediary wallets before reaching addresses identified as Coinbase Prime deposits. Available on-chain evidence does not establish whether the transfer resulted in a sale, when any sale occurred, or its purpose. According to Unchained, the BTC was attributed to forfeited assets connected to the Potapenko/Turogin and Bitfinex cases, meaning the transfer concerned assets tied to prior enforcement actions rather than newly acquired government holdings.
Separate BNB transfer lifts observed total above $100 million
The BNB movement followed a different path, passing through new addresses that had not been labeled. The 40,285 BNB was linked to assets seized from FTX and Alameda Research, Unchained said.
The distinction matters because the two flows involved different assets and separate forfeiture matters. While the BTC reached Coinbase Prime deposit addresses, the reported BNB transaction moved through newly created unlabeled wallets.
Arkham-sourced visualization of U.S. government-linked BTC and BNB transfers exceeding $100 million. — Source: CoinDesk
Bitcoin Reserve rules hinge on reserve classification
The transfer falls under a classification framework established by a White House executive order on March 6, 2025. The order created the Strategic Bitcoin Reserve, states that bitcoin deposited into it “shall not be sold,” and directs non-BTC forfeited digital assets—including BNB—to a separate United States Digital Asset Stockpile.
It does not establish whether the bitcoin moved on Oct. 7 had been deposited into the reserve, however, making that classification central to assessing the reported transfer under the administration’s custody rules for government-held bitcoin.
