The United States Government has recently transferred a small portion of the previously confiscated bitcoin. Arkham Intelligence traced the transaction to the chain but did not confirm whether the asset had been sold. There was therefore renewed concern that the federal agencies would deal with the remaining Alameda-related assets.
The chain transfer didn't equal the sale.
The transfer of bitcoin between addresses can only indicate a change in hosting position. It does not alone prove that the assets have been sold. If the funds enter the government purse, they may be required only for hosting, accounting or security management; access to the trading platform may create the conditions for subsequent sale.
Arkham states that the Bitcoin was derived from assets seized three years ago from a related account at Binance.US on Alameda. The agency did not disclose the specific amount or indicate the address of the receipt. It then asked whether the United States Government would start liquidating the remaining bitcoin related to Alameda.
Federal wallets have moved assets several times.
Federally controlled wallets have dealt with Alameda and FTX-related assets many times since this year. In May, the government wallet transferred approximately $1.89 million in Render, Uniswap, The Sandbox, Mask Network and Axie Infinity tokens to Coinbase Prime. Arkham argues that these tokens can be traced back to approximately $13 million Alameda assets confiscated from the Binance account three years ago.
In June, government-controlled wallets transferred nearly $984 million of FTX and Alameda-related encrypted currency. Of that amount, at least $7.68 million entered Coinbase Prime. Arkham stated at the time that the assets would be subject to the FTX estate process for the repayment of the creditors.
White House executive orders limit the sale of some bitcoin.
Trump signed an executive order in March 2025 to set up a United States strategic bitcoin reserve and to require the Treasury to include the eventually confiscated bitcoin. Bitcoin entering the reserve is in principle not for sale and must be retained as a reserve asset of the United States.
However, the executive order does not require that all confiscated bitcoin be absolutely prohibited from disposal. Assets may be treated differently if they remain in court proceedings, creditor recovery or victim settlement processes. The White House has also established an inventory of United States digital assets to house confiscated assets other than bitcoin.