TLDR
- The US government moved more than $103 million in crypto, including 833.6 BTC and 40,285 BNB.
- The transferred Bitcoin, worth about $71.6 million, later reached Coinbase Prime-labeled addresses.
- The BTC came from Potapenko/Turogin forfeitures and Bitfinex hack seizures, while the BNB was linked to Alameda Research assets.
- The transfers do not confirm a sale, as Bitcoin held under the Strategic Bitcoin Reserve is subject to separate treatment.
- US government-linked wallets still hold about $27.5 billion in seized crypto, with Bitcoin making up most of the balance.
The US government moved more than $103 million in Bitcoin and BNB on October 7, drawing attention to wallets tied to federal seizures. Blockchain data tracked by Arkham showed 833.599 BTC, worth about $71.6 million, leaving government-labeled addresses. Another wallet moved 40,285 BNB valued near $31.63 million.
US Government Sends Bitcoin to Coinbase Prime
The Bitcoin came from two groups of seized assets. About 568.7 BTC came from funds linked to Potapenko and Turogin, while roughly 264.9 BTC came from the Bitfinex hack case. The receiving addresses later forwarded the coins to wallets Arkham labels as Coinbase Prime deposits.
The movement follows another Bitfinex-related transfer tied to restitution rather than an open-market sale. A recent report on the Bitfinex restitution transfer said authorities moved 264.863 BTC to Coinbase under a court process requiring seized Bitcoin to return to the exchange.
BNB Follows a Separate Route
The BNB followed a different path. A government-labeled wallet sent 40,285 BNB to an unlabeled address before the full balance moved again. The tokens came from assets seized from Alameda Research, according to Arkham labels cited in the transaction data.
The transfers arrived as Bitcoin traded near $86,000 during a week shaped by bond yields, ETF flows and changing rate expectations. The government movement represented only a small part of its reported crypto holdings, which Arkham estimates at about $27.5 billion.
Transfers Do Not Confirm a Sale
The Bitcoin transfer does not by itself show that federal authorities sold the coins. A March 2025 executive order created the Strategic Bitcoin Reserve and directed the government to keep Bitcoin placed in that reserve, subject to legal exceptions. Other forfeited digital assets can receive different treatment.
Federal crypto policy has also remained active this week. The Treasury’s recent crypto rule withdrawal ended two unfinished reporting proposals involving self-custody wallets and crypto mixers. The move left existing reporting rules in place for covered financial firms.
Government-linked wallets still hold a large crypto balance, with Bitcoin making up most of the total. The latest transfers show movement between addresses and custody venues, but on-chain transfers alone cannot establish whether authorities plan to sell, return, consolidate or hold the assets. Officials have not announced a sale tied to these transactions.
