Chobanian said on Sunday that a majority of the outgoing bitcoin is for small transactions and that the government is saving funds for some larger purchases. At first, bitcoin was sent out of the government wallet in small amounts (typically under $100). On Sunday, around $26,000 worth of bitcoin left the wallet in one transaction. By publication time on Monday, only around $66,000 of ether remained in the government’s wallet, according to transaction data on Etherscan.

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