Wallets linked to the US government transferred approximately $300 million worth of seized Bitcoin and Ether to Coinbase Prime on Monday. The transfer revived discussions that these assets could be put up for sale.
Source of assets carried
According to Arkham data, 3,940 Bitcoin and 30,014 Ether were sent to Coinbase Prime. The total value of these assets exceeded $297 million, including approximately $243.95 million in Bitcoin and $53.09 million in Ether. The funds in question appeared to be linked to several notable crypto files that US authorities had seized in the past.
Alex Thorn, Head of Research at Galaxy Research, stated that Bitcoin transfers consist of seizures related to Ryan Farace and the crypto exchange BTC, which has ceased its operations.
It was stated that the assets on the Ether side were based on the file of Oracle employee Brian Krewson, who was associated with a $ 54 million crypto storage and money laundering scheme. Oracle is known as a US-based technology company known for its enterprise software and database solutions.
Why are sales prospects monitored?
The main reason why the transfer attracts attention is that a possible sale could contradict the framework put forward by US President Donald Trump with the decree dated March 2025. The decree in question stated that the Bitcoins seized by the US government should be part of the Strategic Bitcoin Reserve and should not be sold.
However, the transfer to Coinbase Prime does not constitute a sale by itself. The platform offers services such as custody, trading, financing and staking to institutional customers. For this reason, it is considered that the latest move may be limited to the concentration of assets in one hand or reorganization for administrative purposes.
Mini glossary: Coinbase Prime is a suite of crypto services aimed at institutional investors. It offers functions such as custody, transaction access, financing, and staking for certain assets under one roof.
Previous transfers this year
Monday’s transaction stood out as one of the largest transfers from government-linked wallets this year. The US government has previously sent crypto assets to Coinbase Prime.
In June, a wallet linked to the US government moved 98,589 Chainlink tokens linked to the FTX and Alameda Research seizures to the platform. In April, approximately 8.2 Bitcoins related to the 2016 Bitfinex attack were again sent to Coinbase Prime.
| History | Presence | Amount | Connection |
|---|---|---|---|
| Monday | BTC and ETH | 3,940 BTC, 30,014 ETH | Various seizure files |
| June | LINK | 98,589 | FTX and Alameda Research |
| April | BTC | 8.2 | 2016 Bitfinex attack |
Total crypto assets held
According to estimates, there are currently $20.6 billion worth of crypto assets in wallets linked to the US government. This total includes approximately 325,000 BTC, 28,000 ETH, 146 million USDT and 750 WBTC.
A deposit to Coinbase Prime does not indicate that the sale is final; It may also be made for the purpose of transfer, custody or pooling of assets.
