Wallets linked to the U.S. government transferred more than $100 million in cryptocurrency on Tuesday, according to blockchain intelligence data from Arkham. The transfers included approximately $71.6 million in bitcoin and $31.6 million in BNB.
The government sent 833.599 BTC, valued at about $71.6 million at the time, to two unlabeled addresses. Within hours, those addresses passed the coins on to deposit addresses labeled by Arkham as belonging to Coinbase Prime. The bitcoin originated from forfeited funds in the Potapenko-Turogin case, which accounted for 568.7 BTC, and coins seized in the Bitfinex hack case, which accounted for 264.9 BTC.
In a separate transaction, a government-labeled wallet sent roughly 40,285 BNB, worth $31.63 million, to an unlabeled address. That address subsequently forwarded the assets to a second unlabeled address. The BNB originated from assets previously seized from Alameda Research.
Following the transfers, government holdings in seized cryptocurrencies stand at approximately $27.5 billion, all acquired through law enforcement actions without the use of taxpayer funds for new purchases.
While large government crypto transfers frequently prompt concerns regarding an impending market sale, market commentators noted that a transfer does not confirm a sale. Under a March 2025 executive order, bitcoin forfeited to the government is intended to be held in a Strategic Bitcoin Reserve.
