U.S. Department of Justice officials transferred $349,000 worth of crypto assets on Tuesday, raising the total moved by federal wallets this month to $8.31 million, according to Arkham Intelligence.
Details of the Latest Transfer
The $349,000 shipment comprised a mix of altcoins, including Enjin Coin (ENJ), The Graph (GRT), Compound (COMP) and Maker (MKR). All tokens trace back to crypto assets seized from the collapsed FTX and Alameda Research platforms, and the wallets are overseen by government entities that manage law‑enforcement recoveries.
Historical Context and Government Holdings
In April 2026, the DOJ moved approximately $606,000 in Bitcoin linked to the 2016 Bitfinex breach to a Coinbase Prime account, a fund that originated from the hack that erased roughly 120,000 BTC. Earlier, in 2024, the department executed a single $2 billion Bitcoin transfer, underscoring its role as one of the world’s largest Bitcoin holders.
Implications for Investors and the Crypto Market
Government‑controlled wallets now contain an estimated $22 billion in crypto, featuring over 328,000 Bitcoin valued at about $21.7 billion. Such movements attract close scrutiny from investors, as shifts in seized assets can influence price dynamics and signal broader trends within the blockchain ecosystem.