The US government today quietly shuffled another $349,000 in digital assets, bringing the total monthly transfers to $8.31 million. The move was reported by Arkham Intelligence, which tracks wallets tied to federal authorities.
What we know about relocation
The $349,000 transfer marks the latest movement from government-controlled wallets in the past month, with previous movements involving altcoins such as Enjin Coin (ENJ), The Graph (GRT), Compound (COMP), and Maker (MKR). These tokens are tied to crypto assets seized from failed crypto companies FTX and Alameda Research.
Wallets are typically controlled by U.S. government agencies, such as the Department of Justice, which are responsible for handling assets acquired through law enforcement seizures.
In April 2026, approximately $606,000 worth of Bitcoin related to the 2016 Bitfinex hack was moved to Coinbase Prime. The funds were traced back to Bitcoin recovered from the exchange hack, resulting in a loss of approximately 120,000 BTC.
Why do markets monitor government wallets?
The US government is one of the world’s largest known holders of Bitcoin. In 2024, the Justice Department made a single transfer of $2 billion worth of seized Bitcoin.
Government-linked wallets currently hold approximately $22 billion in crypto assets, including more than 328,000 Bitcoins worth approximately $21.7 billion.
