Arkham Intelligence specialists have discovered a new wallet belonging to US federal authorities. It contains 3,940 bitcoins confiscated from a drug cartel member in January 2024.

According to Arkham Intelligence analysts, wallets belonging to the US government contain more than $14 billion in various crypto assets. Most of these funds are stored in bitcoins – $64 million.

In addition to Bitcoin, Ether and the USDT stablecoin, the US authorities manage coins such as TRX, CRV, MATIC, AVAX and several memcoins, including CODAI, SHAKA, and PIG. Experts suggest that the government will continue the policy of accumulating virtual coins in wallets and will not sell them off in the near future.

Earlier, Arkham Intelligence presented a dashboard showing that the US federal authorities are the largest owner of the first cryptocurrency among the rest of the world.