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!!!
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