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The U.S. government expanded its Ethereum holdings after a fresh inflow of digital assets from Coinbase to a controlled wallet. Authorities confirmed the wallet received 76.56 ETH, valued at around $332,000, on Wednesday evening. The transfer increased the government’s crypto balance, which already contained multiple tokens.

U.S. Government Wallet Expands Ethereum Holdings Further

The transaction occurred at 08:51:11 PM UTC, according to blockchain data shared by Lookonchain, a monitoring firm. The designated government wallet now stores 1,358 ETH, which amounts to approximately $5.83 million in value. “Authorities are consolidating seized assets into centralized accounts,” Lookonchain reported.

The U.S. Government wallets received 76.56 $ETH($332K) from #Coinbase 4 hours ago and currently hold 65,232 $ETH($281M).https://t.co/C2ftU2amGk pic.twitter.com/qS133pNVG3

— Lookonchain (@lookonchain) August 21, 2025

Furthermore, the address holds several other cryptocurrencies, which raise its total balance to about $34.71 million. This consolidation highlights a systematic approach to managing confiscated assets across multiple seizures. Officials have not issued a statement, but blockchain records confirm the move.

The government’s accumulation reflects an ongoing effort to unify holdings before potential redistribution to victims. While no repayment plan has been formalized, the growing Ethereum holdings demonstrate the case remains active. The inflow further confirms that law enforcement continues tracking previously stolen funds.

Uranium Finance Hack Resulted In $52 Million Theft

The Uranium Finance hack in April 2021 led to the theft of more than $52 million. Built as a fork of Uniswap on Binance Smart Chain, the project was compromised through its smart contract. Attackers moved assets through laundering channels, including Tornado Cash and fragmented exchanges.

Law enforcement eventually seized significant amounts despite the attackers’ advanced concealment methods. Reports indicated funds were also converted into rare collectibles to obscure movements. Nevertheless, coordination across jurisdictions allowed millions to recover.

In February 2025, prosecutors announced the recovery of over $31 million connected to the hack. Homeland Security Investigations and the U.S. Attorney’s Office in New York confirmed the successful seizure. This recovery showed the government’s expanding forensic ability to trace complex digital transfers.

Government Crypto Portfolio

The United States currently manages one of the world’s largest crypto portfolios. Arkham Intelligence estimates government-controlled wallets hold around $23.4 billion, with Bitcoin representing the majority at $22.5 billion.

The remainder includes Ethereum, stablecoins, Binance Coin, and other digital assets seized from various enforcement cases. Consequently, the government has become a major holder of multiple cryptocurrencies. These Ethereum holdings alone contribute millions to the overall portfolio.

CoinGecko data shows that Ethereum has climbed by more than 2% in the past 24 hours. The token now trades near $4,000, marking a 17% monthly rise. This upward momentum significantly strengthens the value of government Ethereum holdings.

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