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US government transfers $349K in crypto assets today

source-logo  cryptobriefing.com  + 1 more 16 June 2026 16:54, UTC
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The US government quietly shuffled another $349,000 in digital assets today, bringing its monthly transfer total to $8.31 million. The movements were flagged by Arkham Intelligence, which tracks wallets tied to federal authorities.

What we know about the transfers

The $349,000 transfer marks the latest activity from government-controlled wallets over the past month, with previous movements involving altcoins including Enjin Coin (ENJ), The Graph (GRT), Compound (COMP), and Maker (MKR). The tokens are associated with crypto assets seized from collapsed crypto firms FTX and Alameda Research.

The wallets are typically managed by US government entities, including the Department of Justice, which is responsible for handling assets obtained through law enforcement seizures.

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In April 2026, approximately $606,000 worth of Bitcoin linked to the 2016 Bitfinex hack was moved to Coinbase Prime. The funds trace back to Bitcoin recovered from the exchange hack, which resulted in the loss of around 120,000 BTC.

Why the market watches government wallets

The US government is one of the largest known holders of Bitcoin in the world. In 2024, the DOJ executed a single transfer worth $2 billion in seized Bitcoin.

Government-linked wallets currently hold approximately $22 billion in crypto assets, including more than 328,000 Bitcoin valued at roughly $21.7 billion.

cryptobriefing.com

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