According to data provided by Arkham Intelligence, the U.S. government has moved $8 million worth of Bitcoin. 

The vast majority of the aforementioned sum has been sent to a change wallet. 

The price of the leading cryptocurrency is currently sitting at $87,326, according to CoinGecko data. 

The U.S. government has also moved $1.77 million worth of Ethereum (ETH) to a new address. 

Earlier this month, an address associated with the U.S. government moved some Avalanche (AVAX) tokens. 

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According to court documents, the last major Bitcoin sale conducted by the U.S. government took place in March 2023. Back then, it sold a total of $215.5 million worth of the coins that were seized from Silk Road hacker James Zhong. 

However, Arkham recently used on-chain data to estimate that the U.S. government had likely sold an additional $2.24 billion worth of Bitcoin related to Zhong over the period from June 2023 to December 2024. 

Earlier this year, the U.S. government established a strategic Bitcoin reserve that is supposed to hold forfeited cryptocurrencies. On top of that, it has also established a separate stockpile for unspecified altcoins. 

As reported by U.Today, Bloomberg has estimated that there is a 30% chance of the U.S. government buying Bitcoin in 2025.