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According to Alex Thorn, head of research at Galaxy Digital, U.S. government BTC holdings fell to 319,086 BTC worth $26.5 billion on Oct. 7 from 332,699 BTC worth $34.1 billion on Jan. 20, 2025.
Galaxy Research said the U.S. government transferred a total of 9,261 BTC, or about $770 million, to Coinbase Prime over the two days from Oct. 6 to Oct. 7. About half of the transfers were assets recovered from the Bitfinex hack, while some were seizures tied to Binance. Of the remainder, 2,456 BTC had not previously been identified in public holdings and are believed to be seized government assets.