According to blockchain trackers, the US government has expanded its crypto reserve by receiving additional Ethereum from Coinbase. These assets are linked to recoveries from the 2021 hacking incident.
Ethereum Seizures from Coinbase
US authorities confirmed the reception of $332,000 in Ethereum, amounting to 76.56 ETH. These assets were recovered following the Uranium Finance hack in 2021, where millions were siphoned off.
Total Crypto Reserve Volume
The current balance of the government wallet now stands at around 1,358 ETH, nearly $5.8 million. Combined with other altcoins, the total crypto reserve is about $34.7 million.
Future Management of Seized Assets
Analysts highlight a growing focus on how these seized assets will be managed. The executive order has already affirmed that Bitcoin, Ethereum, Solana, XRP, and Cardano will constitute the official holdings.
Thus, the expansion of the US crypto reserve and ongoing seizures underscore the government's strategy in managing digital assets within a broader crypto policy.
