US government moves $103M in crypto, including 833 BTC and 40,285 BNB

The US government shuffled more than $103 million in crypto on October 7, 2026, and the market collectively shrugged. Wallets linked to US authorities sent 833.6 BTC and 40,285 BNB out the door within a nine-hour window. On-chain analysts at EmberCN, Resonance, Arkham, and Lookonchain all flagged the activity as it happened. Where the money went The two assets took very different routes. The Bitcoin went straight to Coinbase Prime, the institutional custody and trading arm of the US exchange. That batch of 833.6 BTC was valued at roughly $71.56 million at the time. The BNB took the scenic route. The 40,285 tokens, worth approximately $31.63 million, hopped through several intermediary transactions before landing at an unlabeled address, 0xBE7…81E. Together, the two transfers add up to approximately $103 million. That sounds like a lot until you look at what is still sitting in the government’s wallets. A drop in a very large bucket US government-linked addresses are now estimated to hold around $28 billion in assets. Bitcoin makes up the overwhelming majority of that pile. Those wallets hold about 324,000 BTC, valued at approximately $27.7 billion at current prices. The 833.6 BTC m...