Just In: US Government Moves Bitcoin Worth $1.9 Bln To New Address

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US Government Moves Bitcoin Worth $1.9 Bln To New Address

The United States Government has initiated a new Bitcoin transfer valued at approximately $1.92 billion. According to data from Arkham Intelligence, the new address the funds were sent to has the label “bc1q0a…zhspm.” The transaction occured at block height 872935 and this transfer has sparked a major conversation in the community as to the intent.

US Government and Bitcoin

The $1.92 billion transfer were split into two distinct Bitcoin wallets. Per the Arkham Intelligence data, the government moved a total of $969 million worth of BTC to address “33Tgpo…y3BShW.” The second transfer of $949 million worth of BTC was sent to “bc1qxkh….g6wc7p6.”

The US government last transferred its Bitcoin holdings in July. Data platforms pegged the transferred funds at the time at a over $2 billion. These latest transfers comes at a time the conversations around a strategic BTC reserve is growing.

This is a developing story, please check back for updates!!!

The post Just In: US Government Moves Bitcoin Worth $1.9 Bln To New Address appeared first on CoinGape.

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