The U.S. government’s Ethereum holdings have grown following recent transfers of roughly $332,000 worth of ETH from Coinbase-linked wallets, according to Lookonchain. These wallets now hold about $281 million in ETH, while the country’s total crypto holdings are estimated at $23.4 billion.
Arkham Intelligence data shows Bitcoin makes up the majority, valued at $22.5 billion, with the remainder spread across Ethereum, USDT, USDC, BNB, and other tokens. Importantly, these holdings are not the result of government investment strategies but rather seizures from illicit activity, accumulated over several years.
In March, U.S. authorities formalized these confiscated assets into an official digital asset stockpile, which includes Ethereum as well as Bitcoin reserves. While not actively managed, the stockpile reflects the government’s growing role as a major crypto holder. The development comes as regulators and lawmakers continue to weigh broader digital asset policies, highlighting the intersection of enforcement, policy, and sovereign asset management.
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