U.S. Government Deposits $962.9 Million Worth of Bitcoin Into Coinbase

Quick Summary:

Government Moves 10,000 BTC to Coinbase In a significant move, the U.S.government deposited 10,000 BTC, valued at approximately $962.9 million, into the Coinbase Exchange.

This transfer, reported by blockchain analytics platform Spot On Chain, is part of a broader trend of government-managed Bitcoin movements in 2024.

The government’s decision to hold 183,850 BTC suggests a cautious approach toward utilizing its Bitcoin reserves.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: U.S. Government Bitcoin Deposit Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 12:41:12 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24092330

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #121

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