Recently, blockchain tracker Lookonchain discovered that 3,940 bitcoins were transferred from US government Bitcoin wallets to Coinbase Prime. I thought -Why?

Why is the government investing in a private company when it has not even signed any contract with it?

Any Idea Why this Bitcoin Transaction?

     Among the various ideas, only one seems to fit: the Biden administration is planning to use Bitcoin from the government treasury before its time runs out. There is also a possibility that Biden may use these bitcoins to compete with Trump in his election campaign.

Bitcoin for US President

     Data shows the US government currently holds 213546 bitcoins; this is very much enough for Biden because BTC isn't legal tender there, so Biden is free to use it. Trump, on the other hand, is receiving full support from the US crypto industry. It is going to be an interesting election bettle.