US Government now holds $166M in Ethereum
2025-07-08 12:31:13
Main Idea
The US Government transferred over $219,000 worth of Ethereum (ETH) to Coinbase Prime, raising concerns about a potential crypto selloff, as it currently holds 65,156 ETH worth $166 million.
Key Points
1. The US Government deposited over $219,000 worth of Ethereum (ETH) to Coinbase Prime on July 7.
2. The transferred ETH includes $100,000 worth of ETH seized from NFT scammer Chase Senecal (Horror/HZ) in October.
3. The US Government currently holds 65,156 ETH, valued at $166 million.
4. The transfer has sparked concerns about a potential institutional crypto selloff.
Description
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. S...
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