US gov't BTC transfer linked to Miguel Villanueva seizure

The Bitcoin transferred from a U.S. government-controlled wallet on March 3 was from funds seized from Miguel Villanueva, The Block reported. A government address moved 0.3348 BTC, worth $22,658, to three new addresses. Following the three transactions, the entire balance of the wallet labeled as belonging to Villanueva was depleted. While details of the original seizure are unknown, The Block noted that the transfer aligns with a plan to create a strategic reserve of seized Bitcoin rather than immediately selling it.