The US government just moved 19,800 BTC ($1.92B) out, of which 10,000 BTC ($962.9M) were sent to Coinbase and 9,800 BTC ($957.1M) were transferred to a new wallet, bc1qx:

• US Government address: bc1qngydl7hmgdtmuqjmtsyj3pcwszv0yn5mj6kz4c
• new address: bc1qxkhwkn623l5lg4rx9vx8cujmleaga0eg6wc7p6
• These addresses (likely) belong to the entity US Government

Notably, so far in 2024, the US government has transferred a total of 25,999 BTC (then: $1.93B, now: $2.49B) to Coinbase. However, these transfers appear to be custody actions rather than sales.

Currently, the US government still holds approximately 183,850 BTC ($17.57B) across various known addresses.

Fig 1. The US government has transferred 25,999 BTC (now: $2.49B) to Coinbase in 2024.

Fig 2. The U.S. Marshals Service chooses Coinbase as a custody service provider.