U.S. government bitcoin holding created by executive order, built around retaining bitcoin obtained through forfeiture.
White House adviser Patrick Witt says the government will secure and account for its 319,000 to 328,000 BTC before it buys any more. Any purchase would also have to be budget-neutral, with no new cost to taxpayers.
Reality
Wallets tied to the US government moved 12,267 seized Bitfinex bitcoin, worth about $1 billion, to new unlabeled addresses. No exchange deposit was recorded, CoinDesk reported. Whether Washington is selling turns on the smaller sums it sent to Coinbase Prime.
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The US government moved 9,261 bitcoin worth about $770 million to Coinbase Prime, its largest outflow since December 2024, Galaxy Research data showed. The venue is the US Marshals Service's custody desk, so a deposit there does not confirm a sale.
Reality
US government wallets moved about $470 million of seized Bitfinex- and Alameda-linked crypto to likely Coinbase Prime addresses, Arkham said. Trump's reserve order lets officials repay victims from seized coins, so even a sale of this pool would say little about the pledge to keep reserve bitcoin.
Reality
US government wallets sent 833.6 BTC, worth about $71.6 million, toward Coinbase Prime on Oct. 7, roughly 0.26% of the bitcoin they still hold. The risk that the stash comes to market depends far more on the executive orders limiting sales of reserve bitcoin than on transfers this small.
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House leadership cancelled the last two September voting weeks, leaving the market-structure bill that crypto teams have been scoping features around without a scheduled path to the president's desk before the midterms.
Reality