Crypto wallets associated with the U.S. government moved more than $100 million in digital assets on Tuesday, according to blockchain data analyzed by intelligence firm Arkham.
The largest transfer involved 833.599 BTC, worth approximately $71.6 million when the transaction occurred. The bitcoin was sent to two addresses that Arkham does not identify as belonging to a specific entity. Both wallets later moved the funds to addresses Arkham identifies as Coinbase Prime deposit wallets.
In another transaction, a wallet labeled by Arkham as belonging to the U.S. government transferred about 40,285 BNB, valued at $31.63 million, to the unlabeled address 0x7F68F63fB3A9CCCf352409603421E0A574FbAD90. The entire BNB balance was subsequently forwarded to another unidentified address, 0x6fB3Fe7b7E78AbB84CE007cBC7412C850B15A579.
Of the bitcoin moved, 568.7 BTC originated from funds Arkham identifies as Potapenko/Turogin forfeited assets, while another 264.9 BTC came from bitcoin seized as part of the Bitfinex hack case. The BNB was sourced from assets seized from Alameda Research.
The U.S. government still controls an estimated $27.5 billion in cryptocurrency, all obtained through law-enforcement seizures. It has not used taxpayer funds to purchase cryptocurrency.
Large government wallet movements can trigger speculation that the assets are headed for liquidation, but the latest transfers do not necessarily indicate a sale.
“Transfer is not the same as a sale,” market commentator Jose Rosell wrote on X. “Under a March 2025 executive order, bitcoin forfeited to the government is meant to be held in a Strategic Bitcoin Reserve.”
