The US government has transferred 9,261 Bitcoin, valued at about $770 million, to Coinbase Prime. Cointelegraph reported the move on Oct 8, 2026, in an article by staff writer Zoltan Vardai, edited by Robert Lakin.
Of that total, 2,456 BTC came from funds that had only just been identified. According to the report, these coins point to seizures carried out by federal law enforcement. Cointelegraph links the full 9,261 BTC to assets seized in connection with earlier cryptocurrency exploits.
The report covers the transfer only. It does not say whether the government plans to sell the coins, when that might happen, or why it sent them to Coinbase Prime now. Those questions have no answer in the available information.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the transfer changes nothing directly. Coinbase Prime is not one of those four exchanges, and moving coins from one wallet to another does not change funding rates, trading fees or order-book depth on any of them. Funding on these venues responds to how traders position themselves, so any effect would come from how the market reacts, and the story gives no information about that.
Source: cointelegraph — US government moves $770M of seized Bitcoin to Coinbase Prime
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