- The U.S. government moved $8 million worth of Bitcoin to a change wallet, continuing strategic management of seized digital assets.
- A separate $1.77 million worth of Ethereum was sent to a new address as part of broader crypto activity.
- Between June 2023 and December 2024, $2.24 billion in Bitcoin from the Zhong seizure was likely sold, per Arkham estimates.
The U.S. government has moved approximately $8 million worth of Bitcoin, according to data provided by Arkham Intelligence. Most of the digital assets were transferred to a change wallet, suggesting continued management of seized cryptocurrencies. CoinGecko data places Bitcoin’s current market value at $87,326.
In addition to the Bitcoin movement, the U.S. government also relocated around $1.77 million worth of Ethereum. The funds were sent to a newly generated address. This shift appears aligned with previous transactions involving other assets, such as Avalanche (AVAX), which was moved earlier in March.
Previous Major Sale Dates Back to March 2023
Law enforcement agencies managed to obtain Bitcoin worth $215.5 million from James Zhong’s Silk Road theft convictions when they conducted the sale during that period. On-chain research from Arkham indicates that Bitcoin worth $2.24 billion related to Zhong underwent asset disposition from June 2023 to December 2024.
Recent developments reveal a broader strategy for handling forfeited digital assets. Earlier this year, the U.S. government created a formal Bitcoin reserve to hold seized cryptocurrencies. Additionally, it formed a separate storage for altcoins, although specific assets in this category were not disclosed.
According to Bloomberg estimates, there is a 30 percent probability that the U.S. government will engage in Bitcoin purchases in 2025. This follows its previous focus on liquidating seized crypto assets, marking a potential shift toward accumulation or diversification.
