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BNB 
BTC Wallets associated with the U.S. government transferred more than $100 million in Bitcoin and BNB on Tuesday
According to Arkham data, wallets associated with the U.S. government transferred more than $100 million worth of cryptocurrency on Tuesday. Of this, approximately US$71.6 million consists of 833,599 bitcoins, and another US$31.6 million consists of 40,285 BNB (Binance Coins).
The market sparked speculation that some bitcoins could be sold off after being sent to Coinbase Prime's deposit address within hours. However, current trading activity does not mean that the U.S. government is selling its cryptocurrency holdings alone.
What cryptocurrencies did the U.S. government transfer?
According to Arkham, government-linked wallets have transferred more than $100 million worth of cryptocurrencies in total. In this transfer, Bitcoin accounted for the largest share, followed by BNB.
It is estimated that the value of the 833,599 bitcoins transferred is approximately US$71.6 million. Another separate transfer involved approximately 40,285 BNBs worth approximately US$31.63 million and was sent to other addresses.
The origin of Bitcoin is equally eye-catching. Of these, approximately 568.7 bitcoins came from Arkham's wallet marked as "Potapenko/Turogin Confiscated Funds"; the remaining 264.9 bitcoins came from assets seized during the fight against Bitfinex attack. The source of BNB's transfer was assets seized from Alameda Research.
Why is Bitcoin sent to Coinbase Prime?
After the transfer occurred, the 833,599 bitcoins were distributed to two different unlabeled addresses. Within hours, both addresses transferred all bitcoins to the target address Arkham marked as Coinbase Prime deposit address.
BNB's transaction process is different. A wallet labeled "government" sent approximately 40,285 BNBs to an untagged address, which then transferred all assets to a second untagged address.
Although these moves have attracted market attention, transferring assets to Coinbase Prime does not amount to an automatic sell-off. Relevant sources also emphasized that the transfer behavior is not the same concept as the actual selling operation.
Will the U.S. government sell Bitcoin?
As of now, there is no conclusive evidence that actual sales occurred. Instead, an executive order signed by the president in March 2025 on the seizure of bitcoins stipulated that these assets would be managed in a "strategic bitcoin reserve."
Markets usually pay close attention to large movements in government wallets to assess potential selling pressures. However, since the purpose of this transfer may have other explanations than selling, it is difficult to draw a firm conclusion based on on-chain data alone.
How much cryptocurrency does the U.S. government hold?
Currently, approximately US$27.5 billion worth of confiscated cryptocurrencies are still held in government-linked wallets. These assets were seized during sanctions enforcement or police operations.
Sources point out that so far, the government has not used taxpayer funds to purchase new cryptocurrencies to build this reserve. Therefore, the core significance of today's transfers lies in the re-flow of a large number of government-controlled crypto-assets, rather than a direct sell-off. After Bitcoin arrives at Coinbase Prime, whether actual sales occur will become the focus of investors 'attention.
This content is based on general market data and does not constitute investment advice. Readers are advised to study on their own.
