# Seized-Coin Stockpiles Shadow Supply

Large government holdings of seized bitcoin and ether recur as an unpriced supply overhang, where every custody transfer forces the market to guess whether liquidation follows.

- Conviction: 40 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-07-14T00:00:00.000Z
- Last updated: 2026-07-14T05:37:00.165Z
- Canonical: https://polylog.news/crypto/trends/government-seized-coin-overhang
- Publisher: Polylog
- Affected regions: United States

## Recent evidence

- [confirms] U.S. Government Sends $297 Million in Seized Bitcoin and Ether to Coinbase Prime (2026-07-14): Arkham traced $297M in seized bitcoin and ether (3,940 BTC and 30,000 ETH) from three enforcement cases moving to Coinbase Prime, with no confirmed sale. A fresh custody transfer forcing the market to guess whether liquidation follows is the exact dynamic the thesis tracks.