The US government transferred $243 million in BTC to Coinbase 🤑 The US government transferred $243 million in Bitcoin to the Coinbase exchange. These funds were confiscated from the drug dealer Banmit Singh, who was found guilty in court in January 2024. Following this event, the price of Bitcoin dropped by 0,5% falling below the $61,000 mark. Currently, the US government owns 213,546 BTC, valued at over $13 billion