Lark Davis|Oct 09, 2026 07:24
The US government just sent 9,261 BTC (~$770M) to Coinbase Prime according to Galaxy Research.
Scary headline? Maybe not. Most of it is Bitfinex hack and Binance seizures, and Coinbase Prime is the Marshals’ custodian. A deposit isn’t a sale.
The Strategic Bitcoin Reserve order says reserve BTC “shall not be sold.”
And even if that changed, Bitcoin is still Bitcoin. A store of value that doesn’t care about politics or central banks.
https://x.com/glxyresearch/status/2107983859421946264
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