A wallet tagged as belonging to the U.S. governmentmoved 30,175 bitcoinsto what's reported to be a Coinbase wallet late Tuesday morning.

At bitcoin's(BTC)current price around the $65,000 level, that would be roughly $2 billion worth of the token.

The last confirmed sale by the government – which in late 2022 seized roughly 50,000 bitcoins related to the Silk Road website – was in March 2023when it unloaded9,861 coins for $216 million.

This morning's movement of bitcoins was to an unidentified wallet, butArkham Intelligence hastagged the wallet as belonging to crypto exchange Coinbase.

Already sharply lower on the day, bitcoin slipped a bit further following the news, dipping under $65,000. It's since bounced a bit, now trading at $65,200, down 4.7% over the past 24 hours. The broaderCoinDesk 20 Index is lower by the same amount.