US Government Moves 9,261 Bitcoin (BTC) Worth $770M to Coinbase Prime

The United States government has moved 9,261 Bitcoin (BTC), valued at approximately $770 million, to Coinbase Prime, according to a report published by COINOTAG on October 8, 2026.

The reported figures imply an average value of roughly $83,100 per bitcoin for the transferred amount.

Coinbase Prime is the institutional services platform of Coinbase Global, Inc. (Nasdaq: COIN), one of the largest cryptocurrency exchanges in the United States. The service provides custody, trading, and financing tools designed for institutional clients, including asset managers, corporations, and other large holders of digital assets. A transfer into institutional custody of this kind is a wallet repositioning and, on its own, does not indicate that the holdings have been sold.

Bitcoin held by the US federal government has been accumulated primarily through seizures in criminal enforcement actions. Large transfers involving government-linked wallets are routinely monitored by on-chain analysts, since past repositioning of seized government bitcoin has at times preceded auction or disposal programs. The report does not state whether any such program is involved in this case.

In an update published at 23:22 UTC on October 8, COINOTAG noted that, separately from the federal flows, corporate treasuries are also trimming their Bitcoin positions. Taken together, the developments put two distinct holder categories — federal agencies and corporate treasuries — in focus for on-chain tracking.

No further details regarding the purpose of the transfer were disclosed in the report. In the absence of an official explanation, observers typically watch the coins' subsequent on-chain movements and any public disclosures from government agencies for confirmation of intent.

This report was first published on COINOTAG: https://en.coinotag.com/us-government-moves-9261-bitcoin-coinbase-prime