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Key Takeaways:
The U.S. authorities despatched roughly 2.44 BTC, valued at greater than $177,000, linked to Glenn Olivio, to Coinbase Prime on April 10, 2026. Arkham Intelligence tracked the switch, which represents simply 0.0007% of the federal government’s complete 328,369.55 BTC holdings. Beneath Trump’s Strategic Bitcoin Reserve order, seized bitcoin is now held long-term reasonably than bought, signaling a everlasting coverage shift.
U.S. Authorities Bitcoin Wallets Reactivate, Feds Quietly Transfer 2.44 BTC
In latest weeks, cryptocurrency wallets reportedly owned by the U.S. authorities have proven heightened exercise, with seized belongings from Chen Zhi, Ross Ulbricht, Miguel Villanueva, and funds linked to the 2016 Bitfinex hack being consolidated.
On April 10, federal authorities transferred funds reportedly related to an indicted steroid distributor, Glenn Olivio, alongside along with his alleged co-conspirator, Dana Rene Mild. On X, Arkham Intelligence flagged the switch.
“The U.S. Authorities simply moved drug cash,” Arkham wrote on the social media platform. “They moved $177.4K of BTC to Coinbase Prime. It was seized from Glenn Olivio, a steroid distributor indicted in 2025, and was their first transfer in over a month. Will the USG promote this bitcoin?”
The American authorities executed the switch in two distinct transactions. One accounted for 1.9785397 BTC, whereas the opposite totaled 0.45963654 BTC. Collectively, they carried a worth exceeding $177,000 at prevailing BTC alternate charges.
Knowledge from Arkham Intelligence and mempool.area signifies that each transactions arrived on the similar Coinbase Prime deposit deal with starting with 3EMqu. Within the case in opposition to Olivio, prosecutors contend the matter facilities on anabolic steroid trafficking, and the funds transferred on Friday are alleged to be related to Olivio’s purportedly laundered belongings.
At current, the U.S. authorities retains a broad mixture of digital belongings, with the vast majority of the worth tied to the roughly 328,369.55 BTC held in its reserves. Donald Trump’s Strategic Bitcoin Reserve order states that seized bitcoin held by the federal government should not be bought.
Nonetheless, no complete audit of those holdings has been carried out, and present estimates depend on flagged wallets recognized by Arkham Intelligence via its blockchain explorer.
The U.S. authorities’s bitcoin holdings are sometimes inferred from estimates derived via flagged pockets maps and blockchain explorers equivalent to Arkham Intelligence, although these figures stay unverified by any official affirmation.
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