U.S. Government Moves 97 BTC and 884 ETH Amid Strategic Realignment

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• The U.S. government moved 97 BTC and 884 ETH worth $10.23 million.

• The transfer had minimal market impact but signals an growing federal strategy toward managing crypto reserves.

The U.S. government transferred 97 Bitcoin (BTC) and 884 Ethereum (ETH) from its digital asset holdings on March 28, 2025, in a transaction valued at approximately $10.23 million. 

The transfer was first flagged by blockchain analytics platform Arkham Intelligence and involved an initial $10 test transaction, followed by the full transfer of assets. Based on the market prices at the time, the BTC was valued at roughly $8.46 million, while the ETH was worth about $1.77 million.

The government has not issued a formal statement explaining the reason behind the transfer. However, such movements are often closely monitored due to their potential impact on market sentiment. 

A similar instance in December 2024 saw the transfer of $1.9 billion in Bitcoin to Coinbase Prime, which led to a 5% drop in BTC’s price over three days. By contrast, the most recent transaction caused limited market movement, with Bitcoin trading near $85,000 and Ethereum around $1,800 at the time of the transfer.

The timing of the transaction has drawn attention, coming just days after President Trump signed an executive order establishing the Strategic Bitcoin Reserve. The order mandates that all federal agencies disclose their crypto holdings within 30 days, prompting speculation that the transfer may be part of the asset management or compliance efforts under the new directive.

Federal Crypto Holdings Remain Substantial

Despite the latest transfer, the U.S. government continues to hold digital assets. Current estimates place federal holdings at 198,012 BTC, worth over $17.2 billion, and 59,965 ETH, valued at approximately $120 million. These assets are primarily sourced from criminal seizures, darknet takedowns, and other enforcement actions.

The government’s increasing crypto balances and growing blockchain usage are being interpreted by some observers as a shift toward greater federal engagement with virtual assets—whether through regulation, investment strategy, or reserve holdings. The creation of the Strategic Bitcoin Reserve further demonstrates a new scale of institutional appreciation for crypto’s role in today’s financial architecture.

Analysts and market participants are closely tracking on-chain activity from wallets associated with federal agencies for indications of further transfers or liquidations. While the March 28 movement has not materially impacted market prices, it may represent a strategic repositioning as the government aligns its digital asset management with changing policy and compliance mandates.

With the 30-day reporting deadline fast approaching, further disclosures or asset movements are expected, offering additional insight into the federal approach to crypto custody and oversight.