Key dealers
- President Trump set up a strategic Bitcoin reserve to maintain Bitcoin as a long-term asset for the United States.
- US authorities moved Bitcoin of $ 8 million seized from a fraud to follow the new executive order.
A crypto wallet linked to US authorities transferred over $ 8 million in Bitcoin today, following President Donald Trump’s executive order to set up a strategic Bitcoin reserve, according to Blockchain analyst company Arkham Intelligence.
Arkham Alert: US government that moves $ 8 million $ BTC
The US government moved just $ 8.46 million BTC from SAE-Heng confiscated funds.
$ 10 off BTC was sent to:
BC1QS0QHMLZH2WVS0N70VN7S6JJ37ZEK2E7T73KFGThe remaining $ 8.46 million moved to a swap wallet:
BC1Q7QF075UP5NKD6HGKKMR9MS0FAL97W35ASRS55 pic.twitter.com/otbwxtd2pz– Arkham (@arkham) March 27, 2025
The transferred Bitcoin came from assets seized from a Binance account belonging to Wanpadet SAE-Heng in Thailand, including 97 Bitcoin and other digital assets such as Dogecoin, Ethereum and Cardano. The attack was linked to an alleged “pig slaughter” investment fraud.
The transaction shared the assets between two wallet addresses and sent $ 10 in Bitcoin to an address with the rest that goes to another.
It is not yet clear what the purpose of the move is. The latest Bitcoin transmission of the US government was made in December last year, when around $ 1.9 billion was deposited to Coinbase Prime.
The US government currently has 198 012 BTC, valued at approximately $ 17 billion at current market prices.
According to Bo Hines, Trump’s best cryptor adviser, the government previously had about 400,000 bitcoin, but sold almost half prematurely for less than $ 1 billion – assets that would now be worth over $ 17 billion.
The US government has been in possession of approximately 400,000 bitcoin over the years. Almost half of it was sold too early for a total of far below $ 1 billion. Had we stuck to it, Bitcoin would be worth over $ 17 billion today. https://t.co/m3gjc3yg2v
– Bo Hines (@bohrines) March 27, 2025
David Sacks, Trump’s AI and Crypto Czar, too abandoned In a recent statement that the US government could have received an additional $ 17 billion if it had retained it approximately 195,000 Bitcoin which it seized and sold during the last decade.
US Marshals Service, which has the task of being managed, is reviewed for potential misconduct when the government formed a national Bitcoin reserve.
During Trump’s order on March 6, the seized Bitcoin will be added to the strategic Bitcoin reserve and maintained as a long-term asset, separately from the National Digital Asset Stockpile. Treasury Secretary has an authority to establish management strategies for US Digital Asset Stockpile, including potential sales.
The executive order requires a comprehensive review of all federal digital assets within 30 days.
It also allows the Ministry of Finance and the Commerce Secretary to develop budget-neutral strategies to acquire further Bitcoin for the strategic Bitcoin reserve, which aims to extend holdings without further taxpayers’ costs or new budget distributions.