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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 $1.92B has been split into two wallets.
$969M BTC: 33TgpoSWfcUYJLt1jUyDR1hy64jcy3BShW
$949M BTC: bc1qxkhwkn623l5lg4rx9vx8cujmleaga0eg6wc7p6 pic.twitter.com/fyRyIYAu8M
— Arkham (@arkham) December 2, 2024
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!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
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