Wallets linked to the U.S. government moved more than $100 million in cryptocurrency on Tuesday, according to blockchain intelligence firm Arkham. The transfers included about $71.6 million in bitcoin and $31.6 million in BNB.
Bitcoin and BNB transfers traced on-chain
Arkham’s data shows the government sent 833.599 BTC, worth about $71.6 million at the time, to two addresses that the firm does not label. Within hours, both addresses forwarded the coins to wallets Arkham identifies as Coinbase Prime deposit addresses.
In a separate transfer, a government-labeled wallet sent about 40,285 BNB, worth $31.63 million, to an unlabeled address: 0x7F68F63fB3A9CCCf352409603421E0A574FbAD90. That address then sent the full amount to a second unlabeled address, 0x6fB3Fe7b7E78AbB84CE007cBC7412C850B15A579.
Assets came from forfeiture and seizure cases
The BTC came from two sources. Arkham labels 568.7 BTC as forfeited funds tied to the Potapenko/Turogin case, while another 264.9 BTC came from assets seized in the Bitfinex hack case.
The BNB came from assets seized from Alameda Research.
Government still holds about $27.5 billion in crypto
According to the report, the U.S. government still holds about $27.5 billion in cryptocurrency, all of it seized through enforcement actions. It also said the government has not used taxpayer money to make new crypto purchases to date.
Transfer does not confirm a sale
Transfers involving government-linked wallets often stir concerns that a sale may be coming. In this case, though, that has not been confirmed.
Jose Rosell, a market commentator, wrote on X: "A transfer is not the same as a sale. Under a March 2025 executive order, bitcoin forfeited to the government is meant to be held in a Strategic Bitcoin Reserve."