The US authorities have executed a significant transfer of confiscated bitcoins and Ethereum, moving them to new wallets. According to analysts at Arkham Intelligence, the total amount of the transactions exceeded $10 million.
This is reported by Finway
Details of the Bitcoin Transfer
According to information, the US government transferred 97.33 bitcoins (BTC), equivalent to approximately $8.46 million, to a new wallet address. This transaction was part of the movement of confiscated assets.
“ARKHAM ALERT: US GOVERNMENT MOVING $8M $BTC The US Government just moved $8.46M BTC from Sae-Heng Confiscated Funds.”
Movement of Ethereum and Its Implications
In addition to bitcoins, analysts also recorded a transfer of 884.33 Ether (ETH) worth about $1.77 million. Following an initial test transaction of $1 ETH, the US government made the main transfer from the Sae-Heng Confiscated Funds wallet.
“The movement of $1.77 million in ETH by the US government raises the question: is this liquidation, distribution, or strategic reallocation?”
The primary wallet of the US government currently holds over $17 billion in crypto assets, the largest portion of which consists of 198,000 BTC. Recently, on March 7, 2025, US President Donald Trump signed an executive order to create a strategic Bitcoin reserve, utilizing confiscated assets from criminal and civil cases.