US government transfers millions in Bitcoin and Ethereum: Market observers react to significant transactions

<p> <strong> US government transfers millions in Bitcoin and Ethereum: Market observers react to significant transactions </strong> </p>
transfer of cryptocurrencies by the US government
The US government recently postponed a significant amount of cryptocurrencies that have aroused the interest of market participants. On Thursday at 5:23 p.m. UTC, it was documented that 97.3 Bitcoin worth $ 8.46 million and $ 884.3 Ethereum from the state reserves were transferred. This was identified by the Arkham market intelligence platform and led to speculation among users.
Details about the transfers
According to Arkham, the on-chain wallet, marked as a "US government", was used to transmit 97.3 BTC to two new wallets. These funds come from the state-controlled addresses referred to as "Sae-Heng". The confiscation of these funds was carried out in cooperation with Binance. In this context, a total of 97.3 BTC, 884.3 ETH, 2.56 million dogs and 85 million ADA were secured.
on the same day, at 17:43 UTC, another transaction also took place, in which 88.43 ETH worth $ 1.77 million was postponed to another address.
The Bitcoin reserve of the US government remains stable
Despite the latest transfers, the US government still holds a considerable amount of Bitcoin. It has a total of 198,012 BTC, which represents a value of $ 17.04 billion. This reserve remains a central part of the government's financial strategy, which plans to act through "budget -neutral" means.
In addition, a proposal is discussed as part of the Bitcoin Act that provides for the US government to acquire a total of 1 million BTC over a period of five years. Senator Bernie Moreno has urged the US Congress to say goodbye to the proposal before August, but the feasibility of this plan remains extremely questionable.The United States are currently the largest state owner of Bitcoin, followed by China. Bhutan and El Salvador take third and fourth place with 8,971 BTC or 6.129 BTC.