US Government now holds $166M in Ethereum 
Cryptocurrency Jul 8, 2025 Share
On July 7, the US Government deposited over $219,0000 worth of Ethereum (ETH) to Coinbase Prime, raising concerns about a potential crypto selloff.
According to data from Arkham Intel, the transaction came from a wallet called “US Government: FBI,” which holds $100,000 worth of ETH originally seized from NFT scammer Chase Senecal, also known as Horror (HZ), in October 2022.
In total, however, the U.S. Government currently holds 65,156 ETH, worth $166 million.
US government crypto transfers. Source: Arkham Intel
An institutional crypto selloff?
The government has issued no official statement in regard to the recent deposits, but the timing and nature of the transaction point to possibly larger moves in the near future.
Namely, given that Coinbase Prime is known as a platform designed for institutional transactions, the market suspects the deposit may signal the government’s desire to offload some of its seized Ethereum holdings.
Moreover, large over-the-counter sales or direct market liquidations can weigh heavily on crypto prices, especially in a period when the US authorities are working increasingly harder on regulating digital assets.
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