The U.S. government is proactively managing seized digital assets, moving approximately $8M in Bitcoin and $1.77M in Ethereum.
Bitcoin and Ethereum Movements
According to Arkham Intelligence data, the U.S. government moved about $8 million worth of Bitcoin to a change wallet, indicating ongoing management of seized cryptocurrencies. Additionally, around $1.77 million worth of Ethereum was sent to a newly generated address. This transaction is in line with previous activity involving assets like Avalanche.
Bitcoin Sales and Strategy
Earlier in March 2023, law enforcement agencies sold $215.5 million worth of Bitcoin, obtained from Silk Road theft cases. On-chain research from Arkham indicates that $2.24 billion in Bitcoin related to James Zhong had undergone asset disposition between June 2023 and December 2024.
Future Plans of U.S. Government
The U.S. government developed a formal Bitcoin reserve to hold seized cryptocurrencies and a separate system for altcoins. According to Bloomberg estimates, there is a 30% probability that the government will engage in Bitcoin purchases in 2025, indicating a possible shift from liquidation to accumulation.
The U.S. government's actions demonstrate a strategic approach to managing seized digital assets, including potential shifts towards accumulation.
