CoinDesk
Wallets linked to the U.S. government transferred more than $100 million in cryptocurrency on Tuesday: 833.599 BTC worth about $71.6 million and roughly 40,285 BNB worth $31.63 million. The BTC moved through two unlabeled addresses before reaching addresses Arkham labels as Coinbase Prime deposit addresses. The BNB was routed through two unlabeled addresses.
Why it matters
The BTC came from funds seized in the Potapenko-Turogin and Bitfinex cases, while the BNB came from assets seized from Alameda Research. The transfers prompted concern about a possible sale, but no sale has been confirmed. As market commentator Jose Rosell said 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. The U.S. government still holds about $27.5 billion in seized cryptocurrency, and has not used taxpayer money to make new crypto purchases.
Market impact
The move puts BTC and BNB transfers tied to government-held assets in focus, but the available details do not establish that either was sold. The Coinbase Prime destination addresses are relevant to tracking the BTC movement, not confirmation of a market sale. The government’s remaining seized-crypto holdings total about $27.5 billion.
Frequently asked questions
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How much BTC and BNB did government-linked wallets move?
The wallets moved 833.599 BTC worth about $71.6 million and roughly 40,285 BNB worth $31.63 million, more than $100 million combined.
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Where did the transferred BTC go?
The BTC passed through two unlabeled addresses before reaching addresses Arkham labels as Coinbase Prime deposit addresses.
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Has the U.S. government confirmed a sale of the transferred crypto?
No sale has been confirmed. The transfers alone do not establish that the BTC or BNB was sold.
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Where did the seized BTC and BNB come from?
The BTC came from funds seized in the Potapenko-Turogin and Bitfinex cases. The BNB came from assets seized from Alameda Research.
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How much seized cryptocurrency does the U.S. government still hold?
The government still holds about $27.5 billion in seized cryptocurrency. It has not used taxpayer money to make new crypto purchases.
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