US Government Deposits 8.2 BTC to Coinbase Prime, Raising Market Questions
The brief supports a narrower claim than the supplied headline: English-language reporting ties a U.S. government-linked bitcoin deposit to Coinbase Prime, while leaving the larger headline amount unconfirmed.
Lookonchain wrote on April 10, 2026 that the wallet cluster labeled Glenn Olivio Seized Funds deposited 2.44 BTC ($177K) to Coinbase Prime. That post is the clearest primary-source item in the brief, and it frames this story around the smaller transfer rather than the larger headline amount.
JUST IN: The U.S.Government (Glenn Olivio Seized Funds) just deposited 2.44 $BTC($177K) to Coinbase Prime.https://t.co/C2ftU2amGk pic.twitter.com/eQLrpsPfBW
— Lookonchain (@lookonchain) April 10, 2026
Primary reports converge on a smaller transfer
Crypto Briefing reported that two wallets associated with U.S. government seized assets moved 2.4 BTC worth about $177,000 to Coinbase Prime on April 10, 2026, and said the funds trace to the Glenn Olivio case, citing Timechain Index. CoinEdition separately described a 2.44 BTC transfer sent in two separate transactions from wallets Arkham Intelligence identified as U.S. Government: Glenn Olivio Seized Funds.
Coinbase Prime is the verified detail, not proof of a sale
Across Lookonchain, Crypto Briefing, and CoinEdition, the common data point is the destination: Coinbase Prime. For Coincu readers tracking venue access in Schwab Launches Spot Crypto Trading Service Schwab Crypto, derivatives positioning in Deribit BTC Options Expiry: $2.15B Set for Feb. 6 as Puts Lead, or broader cross-asset flows in Spartans Hits Global Top 14 During Beta Stage, While XRP Rallies on Rakuten News & Tron Maintains Network Strength, that destination matters because the cited reports document a deposit into a named venue, not a confirmed sale.
At $74,259 per BTC at fetch time, CoinGecko’s market baseline sits close to Lookonchain’s reported $177K valuation for the transfer. That price check does not settle the transaction path, but it does support the smaller amount described in the briefed English-language reports.
On the evidence cited here, the careful reading is limited: Lookonchain said the reported movement reached Coinbase Prime, while Crypto Briefing and CoinEdition tied it to Glenn Olivio seized funds. Those URLs document a deposit, but they do not establish a completed disposal, which is why the verifiable story remains narrower than the headline that triggered it.
FAQ
Which amount is supported by the brief? The strongest English-language evidence supports 2.44 BTC, while Crypto Briefing described about 2.4 BTC and CoinEdition matched the smaller figure.
Where did the bitcoin come from? Crypto Briefing said the transfer traces to the Glenn Olivio case, citing Timechain Index, and CoinEdition said the coins came from wallets Arkham labeled as U.S. Government: Glenn Olivio Seized Funds.
Does the deposit confirm a sale? No. The cited reports from Crypto Briefing and CoinEdition describe a deposit to Coinbase Prime, which is the limit of what those URLs establish.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
No tags available.
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Crypto Weekly: NYSE Backs OKX, Kraken Gets Fed Access, BTC Sells
- CELO holds as Celo reviews Opera 160M token claim
- DeriW Launches Edge Hour Trading Competition Platform for Derivatives Traders
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- XRP Spot ETF Launches on Nasdaq Amid Market Fluctuations
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- Former CFO Convicted for $35M Fraudulent Crypto Investment
- Peter Schiff Challenges Michael Saylor on MSTR’s Business Model
- Thailand Orders Worldcoin to Delete 1.2 Million Biometric Records
- UK Proposes New DeFi Tax Framework to Ease User Burden
- U.S. Treasury Proposes New Tax Relief Regulations
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Crypto Weekly: NYSE Backs OKX, Kraken Gets Fed Access, BTC Sells
- CELO holds as Celo reviews Opera 160M token claim
- DeriW Launches Edge Hour Trading Competition Platform for Derivatives Traders
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- XRP Spot ETF Launches on Nasdaq Amid Market Fluctuations
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- Former CFO Convicted for $35M Fraudulent Crypto Investment
- Peter Schiff Challenges Michael Saylor on MSTR’s Business Model
- Thailand Orders Worldcoin to Delete 1.2 Million Biometric Records
- UK Proposes New DeFi Tax Framework to Ease User Burden
- U.S. Treasury Proposes New Tax Relief Regulations
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Crypto Weekly: NYSE Backs OKX, Kraken Gets Fed Access, BTC Sells
- CELO holds as Celo reviews Opera 160M token claim
- DeriW Launches Edge Hour Trading Competition Platform for Derivatives Traders
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- XRP Spot ETF Launches on Nasdaq Amid Market Fluctuations
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- Former CFO Convicted for $35M Fraudulent Crypto Investment
- Peter Schiff Challenges Michael Saylor on MSTR’s Business Model
- Thailand Orders Worldcoin to Delete 1.2 Million Biometric Records
- UK Proposes New DeFi Tax Framework to Ease User Burden
- U.S. Treasury Proposes New Tax Relief Regulations
Latest
US Government Deposits 8.2 BTC to Coinbase Prime, Raising Market Questions
Deribit BTC Options Expiry: $2.15B Set for Feb. 6 as Puts Lead
Press Release
Crypto News Today: DOGEBALL Presale Hits $200K as FLOKI and WIF Face Key Resistance Levels
Tyga Enters 1win VIP Program, as Platform Blends Crypto and Entertainment
