US Government Transfers Over $8M Worth of Bitcoin Today, Following President Trump's Executive Order

A crypto wallet linked to US authorities transferred over $8 million worth of Bitcoin today

A crypto wallet linked to US authorities today transferred over $8 million worth of Bitcoin following President Donald Trump’s executive order establishing a Strategic Bitcoin Reserve, according to blockchain analytics firm Arkham Intelligence.

The transferred Bitcoin came from assets seized from a Binance account belonging to Wanpadet Sae-Heng of Thailand, including 97 Bitcoin and other digital assets such as Dogecoin (DOGE), Ethereum (ETH), and Cardano (ADA). The seizure was connected to an alleged “pig butchering” investment fraud scheme.

The transaction divided the assets between two wallet addresses, sending $10 in Bitcoin to one address with the remainder going to another.

It is not yet clear what the purpose of the move is. The latest Bitcoin transfer by the US government was made last December, when around $1,9 billion was deposited into Coinbase Prime.

The US government currently holds 198,012 BTC, valued at approximately $17 billion at current market prices. According to Bo Hines, Trump’s top crypto advisor, the government previously possessed around 400,000 Bitcoin, but sold nearly half prematurely for less than $1 billion – assets that would now be worth over $17 billion.

The U.S. government has been in possession of around 400,000 Bitcoin over the years. Nearly half of that was sold prematurely for a total of well below 1 billion dollars. Had we held onto it, that Bitcoin would be