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The US government is sitting on roughly 306,790 BTC and 17,430 ETH, according to a post on X. Together, those holdings are worth about $20.28 billion.
What Washington actually holds
On-chain analytics platforms Onchain Lens and Arkham Intelligence put the figures slightly higher. Their tracking shows approximately 306,795 BTC, valued at around $20.48 billion.
The same data shows 17,432 ETH worth about $33 million. Next to the Bitcoin position, the Ether holding is basically the change found in the couch cushions.
The government also holds smaller amounts of other digital assets. These include WBNB, USDC, and USDT.
All of it is spread across 623 labeled addresses. Counting everything, the total crypto portfolio lands somewhere between $20.57 billion and $20.7 billion.
The research data pegs Bitcoin at around $67,000 per coin. The federal Bitcoin holding is so large that each $1,000 swing in the coin’s price shifts the portfolio’s value by roughly $300 million.
How the government ended up with this much crypto
Washington did not buy its way into this position. Most of the coins came from criminal and civil forfeitures tied to high-profile cases.
The best known is the Silk Road marketplace, the darknet bazaar whose seized coins became one of the government’s earliest crypto windfalls. The second big source is the 2016 Bitfinex hack.
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The Bitfinex case alone delivered more than 94,000 BTC to federal hands. In other words, close to a third of the government’s Bitcoin traces back to a single exchange breach.
For years, the default approach was to auction seized coins off. That changed in March 2025.
An executive order issued that month established a Strategic Bitcoin Reserve. It directed that forfeited Bitcoin be held indefinitely as a reserve asset rather than sold.
The order also set up a separate US Digital Asset Stockpile for non-Bitcoin holdings. That is where the Ether, stablecoins, and other tokens fit in.
Movement is not the same as selling
Recent activity included roughly $1 billion in BTC moving to Coinbase Prime custody addresses.
Under the current reserve policy, however, no sales of Bitcoin have been confirmed to date. The movements appear consistent with custody management rather than disposal.
What this means for the market
Analytics platforms like Arkham Intelligence and Onchain Lens already label hundreds of federal addresses, and any meaningful transfer tends to show up quickly in public tracking.
For investors, the things to watch are straightforward. First, any sign that the reserve policy is being softened or reversed. Second, whether new forfeitures keep adding to the pile. Third, how the government handles its non-Bitcoin assets in the Digital Asset Stockpile, which follow a separate framework.
The US has become one of the largest sovereign holders of digital assets largely by accident. What started as seized evidence from darknet markets and exchange hacks is now a formal reserve position measured in the tens of billions.
