U.S. government crypto wallets move more than $100 million in bitcoin and BNB

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US govt crypto wallet transfers

Highlights

U.S. government-linked wallets moved over $100 million in crypto on Tuesday, transferring 833.599 BTC ($71.6 million) and 40,285 BNB ($31.63 million).
The 833.599 BTC originated from Potapenko/Turogin forfeited funds (568.7 BTC) and Bitfinex hack seizures (264.9 BTC), while the BNB derived from assets seized from Alameda Research.
Despite the transfers, the U.S. government still holds about $27.5 billion in crypto, mainly for reserve purposes under a March 2025 executive order.

Blockchain transfers and asset origins

As reported by CoinDesk, citing Arkham, wallets linked to the U.S. government moved more than $100 million in crypto on Tuesday across bitcoin and BNB transactions.

The government sent 833.599 BTC, worth about $71.6 million at the time, to two addresses that Arkham does not label. Within hours, both addresses passed the coins on to addresses that Arkham labels as Coinbase Prime deposit addresses.

A separate wallet labeled by Arkham as government-linked 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.

The bitcoin comes from a wallet Arkham labels as Potapenko/Turogin forfeited funds, representing 568.7 BTC, and from coins seized in the Bitfinex hack case, representing 264.9 BTC. The BNB comes from assets seized from Alameda Research.

Reserve policy and market implications

The U.S. government still holds about $27.5 billion in crypto, all of it seized in enforcement actions. The holdings do not reflect new purchases made with taxpayer money.

Large government-linked transfers often trigger speculation about potential liquidation, but that interpretation does not appear to fit this case. Jose Rosell, a market commentator, says on X that a transfer is not the same as a sale and notes that under a March 2025 executive order, bitcoin forfeited to the government is meant to be held in a Strategic Bitcoin Reserve.

In our earlier coverage of David J. Rush’s guilty plea for defrauding the U.S. government, we detailed how prosecutors say he diverted about $193.6 million through fabricated authorities tied to his senior role at a federal agency. Investigators recovered significant assets—including hundreds of gold bars, cash, euros, luxury watches, and vehicles—and Rush agreed to forfeit them, as the case also raised broader questions about oversight and internal controls in sensitive government institutions.

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