The US authorities has determined to switch Bitcoin funds to a Coinbase Prime tackle following the seizure of funds from Glenn Olivio. This transfer has consequently elevated the federal government’s complete holding to round 328,000 $BTC, which is value greater than $22 billion, based on knowledge from Arkham Intelligence.
Concerning this report, sources accustomed to the state of affairs disclosed that the US authorities moved roughly 2.438 $BTC, valued at $177,000, confiscated from Olivio, in two separate transfers despatched to an analogous Coinbase account beginning with 3EMqu.
Comparable actions have been recorded in previous circumstances, together with funds related to Ross Ulbricht, the creator of Silk Highway.
The US expresses a powerful dedication to spice up its Bitcoin stockpile
Final month, the US authorities efficiently made its first on-chain transaction in 2026, transferring roughly 0.33 $BTC, valued at round $23,000, linked to a pockets titled “Miguel Villanueva Seized Funds.”
Following the three separate transfers, dependable sources famous that the primary transaction consisted of about 0.05678428 $BTC, the Second round 0.24020319 $BTC, and the third roughly 0.03782683 $BTC, bringing the overall to 0.3348143 $BTC, valued at round $22,876.55 at right now’s worth.
Nonetheless, reviews highlighted that publicly accessible authorities statements and court docket paperwork did not disclose additional details about Villanueva or the primary purpose for the seizure.
This report was made public shortly after blockchain investigator ZachXBT, well-liked for his impartial forensic investigations into cryptocurrency fraud, scams, and thefts, alleged that $40 million in cryptocurrency was faraway from government-controlled seizure wallets. In keeping with his findings, a supervisor of presidency digital forfeitures was linked to the individual accountable.
At this second, the US authorities had roughly 328,371.99 $BTC, value $22.45 billion, in its Bitcoin stockpile, based on Arkham knowledge. Notably, the federal government had beforehand moved about 57.55 $BTC to Coinbase Prime on November 3, 2025, earlier than initiating this Villanueva Bitcoin switch.
Curiously, a bigger switch was executed on October 14 of final yr, ensuing within the seizure of 1,320.24 $BTC linked to the “Potapenko/Turogin Forfeited Funds” wallets.
This discovery prompted a number of analysts to weigh in on the subject. They harassed that the latest Bitcoin switch performed by the US authorities represented US President Donald Trump’s Strategic Bitcoin Reserve (SBR), which he established via an government order in 2025, that served as a pledge that federal authorities would by no means promote bitcoin.
Within the meantime, reviews famous a excessive chance that Glenn Olivio’s Bitcoin was linked to Glenn Bradford Olivio, who was arrested alongside co-conspirator Dana Rene Gentle in Could 2025.
Each people face costs for plotting to own and distribute a substance or combination containing a detectable quantity of anabolic steroids. This includes artificial testosterone and numerous anabolic-androgenic steroids equivalent to Trenbolone and Nandrolone, based mostly on data retrieved from court docket paperwork.
Because of this, the 2 are dealing with 5 costs, together with conspiracy to distribute a managed substance, cash laundering conspiracy, aggravated id theft, and two counts of drug possession. In the interim, their private particulars stay personal.
The final replace on this case was made in June final yr. The federal government included a forfeiture discover within the indictment, a typical step in seizing cryptocurrencies allegedly tied to prison exercise.
The US seeks to solidify its place as a pacesetter within the crypto ecosystem
Concerning the present state of affairs regarding the US authorities’s regulatory strategy to Bitcoin and the latest Bitcoin seizure reviews, america Secretary of the Treasury, Scott Bessent, emphasised that the administration would halt all gross sales of seized Bitcoin, opting as an alternative so as to add it to the Strategic Bitcoin Reserve.
He made these remarks throughout the World Financial Discussion board in Davos, the place he informed journalist Christine Lee that this plan represents a broader initiative to drive digital asset innovation in america whereas making certain correct federal custody and management over forfeited cryptocurrencies.
Notably, the assertion displays considerations concerning the authorities’s dealing with of Bitcoin seized from each the New York-based Twister Money builders and the Samourai Pockets builders.
Afterward, Bessent clarified that seized $BTC can be retained by the federal authorities following authorized proceedings, slightly than auctioned off as prior to now, with out commenting on ongoing authorized points.
