The U.S. government was seen moving millions in Bitcoin (CRYPTO: BTC) to cryptocurrency exchange Coinbase, sparking speculations about the true motivation behind the transfer. What Happened: According to on-chain data, a wallet linked to the U.S. government deposited 58.74 BTC, worth nearly $4 million, to Coinbase Prime – a brokerage platform meant for institutional investors. It is unclear whether the government’s goal is to unload the holdings or if it is simply a routine fund management exercise. Additional data shows that the funds were seized by the U.S. Department of Justice from Ryan Fa…
