A wallet linked to the US government recently transferred over 10,000 Bitcoin (BTC), as per data from Arkham Intelligence. This transfer follows a significant $2 billion Bitcoin transaction by the government in late July, which led to a 1.2% dip in Bitcoin’s price. Currently, Bitcoin is trading around $59,000, down 3% in the last 24 hours. The transferred Bitcoin eventually reached Coinbase Prime, a leading crypto exchange.

With over 203,200 BTC in its possession, the US government is the largest national holder of Bitcoin globally, valued at around $12 billion. These holdings largely stem from law enforcement actions, including the Silk Road seizure. Besides Bitcoin, the government also controls over 50,000 Ether (ETH), worth approximately $134 million. Arkham Intelligence reported that 300 ETH, valued at about $699,000, was moved to a new wallet earlier this month.