CryptoPotato
US Government Moves $244M in Bitcoin to Coinbase: Did Trump Break His Promise?
July 14, 2026•08:42 AM
Massive on-chain activity has been detected as the US government transferred approximately $244 million in Bitcoin to the Coinbase exchange. This sudden shift in holdings has triggered immediate scrutiny regarding the government's long-term custody strategy and whether these assets are being prepared for liquidation.
In addition to the Bitcoin movement, significant amounts of Ethereum (ETH) were also routed to the exchange. This influx of liquidity into a centralized platform raises critical questions about the political commitment to holding Bitcoin as a strategic reserve, potentially contradicting recent pro-crypto promises made by the administration.
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