Did the U.S. just sell $100 million in bitcoin?

Wallets sent 833 BTC to Coinbase Prime — but under the Strategic Bitcoin Reserve order, the government isn't supposed to sell. Plus: Bitmine stops buying ETH at 5%, and GSR puts $100M onchain. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SPONSORED BY Wednesday, October 7, 2026 U.S. government moves over $100 million in BTC and BNB — a sale hasn't been confirmed Wallets linked to the U.S. government moved 833 BTC ($71.6M) and 40,285 BNB ($31.6M) Tuesday, with the bitcoin ultimately routed to Coinbase Prime deposit addresses. The BTC came from the Potapenko/Turogin and Bitfinex hack forfeitures; the BNB from seized Alameda Research assets. No sale has been confirmed — under the March 2025 executive order, forfeited bitcoin is meant to be held in the Strategic Bitcoin Reserve, not sold. The government still holds roughly $27.5 billion in seized crypto. Read more → A message from eCash Bitcoin hasn't shipped a meaningful upgrade since Taproot in 2021. So on October 31, Bitcoin's 18th birthday, it's being hard forked. eCash (ECX) is a Bitcoin hard fork that activates Drivechains (BIP300/301): opt-in sidechains for payments, privacy, and prediction markets. Same ledger, same addresses, same SHA-256 proof of work, plus the upgrade Bitcoin never merged. If a sidechain succeeds, Bitcoin miners earn new fee revenue. If it fails, L1 is unaffected. At the fork block (~973,728), every self-custodied BTC address is credited ECX 1:1, no claim, no sign-up. Your BTC stays on Bitcoin, untouched. Beta is live now, with 7 pools mining and a community already shipping new wallets, explorers, and trackers, unprompted. Holding BTC in your own wallet? You're in. See how the fork works Markets Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases Bitmine's Tom Lee announced at TOKEN2049 that the firm will stop buying ether once it owns 5% of circulating supply — a target that's weeks away. Bitmine already holds 6 million ETH ($15.5B, 4.9% of supply) and has bought every week since June 2025, making it one of ETH's most consistent sources of demand. That demand ends soon, and it comes as ether is already down 5% today and sitting on $4.5 billion in unrealized losses. 2-minute read → Business GSR's new vault business is a $100M bet on onchain credit GSR is committing $100 million — mostly via credit facility — to Hare, a new onchain vault business built alongside liquidity platform Turtle. The model: GSR provides anchor liquidity into stablecoin and tokenized gold vaults before outside investors arrive, with Aave powering the first two products. As tokenization spreads, vaults are becoming the infrastructure that puts those assets to work rather than just holding them. "Issuers get liquidity from day one, and allocators see GSR's own capital in the same vaults as theirs," says Hare CEO Connor Milner. 2-minute read → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.