Silk Road-Linked US Digital Wallet Moves Bitcoin, Analysts Say

A U.S. government account holding almost $2 billion in Bitcoin confiscated from the former black-market website Silk Road completed several transactions Tuesday ahead of an expected eventual liquidation of the assets, according to several blockchain analytics firms.

The so-called digital wallet transfered about $65 in a test to a deposit address of Coinbase Global Inc.’s Coinbase Prime unit, according to Arkham Intelligence Inc. In total about $131 million in transfers to Coinbase were made Tuesday, with the majority of the funds moved to different US government-associated addresses, the firm said.

“This appears to be a test transaction from ...