Wallets associated with the U.S. government still hold nearly 12 billion dollars worth of BTC

PANews reported on August 17th that IntoTheBlock stated on platform X, the US government recently transferred Silk Road Bitcoins worth $600 million to Coinbase Prime. Although exchange deposits usually indicate a sell-off, this transfer may be for custodial purposes. Wallets associated with the U.S. government still hold nearly $12 billion in BTC.