- The US authorities bought 9,861 bitcoins on March 14, giving over $215 million.
- 41,490 BTC stay of over 51,000 seized in November and shall be bought in 4 rounds this 12 months.
- Courtroom paperwork present that bitcoin is linked to the darknet market Silk Street.
The US authorities, which says it lately bought 9,861 bitcoins (BTC), reportedly plans to liquidate one other 41,500 BTC earlier than the tip of the 12 months.
Based on paperwork filed in court docket, the gross sales are for Bitcoin seized from units linked to the infamous darknet market Silk Street. The sale will happen in 4 rounds this 12 months.
The US authorities bought BTC for over $215 million
Courtroom paperwork present that the US authorities revamped $215 million when it bought 9,861.17 BTC of the 51,351 bitcoins seized final November.
The liquidation occurred on March 14, based on the court docket submitting, with this explicit portion of BTC forfeited by James Zhong following his arrest and trial for fraud associated to Silk Street.
A complete of 41,490 BTC stays from what was seized from Zhong, which the US authorities now plans to promote in 4 rounds. Justin Solar, founding father of Tron (TRX), says the US authorities ought to promote him BTC at a ten% low cost by an OTC deal.
The US authorities has introduced its intention to promote a further 41,500 #BTC this 12 months. To reduce the potential affect in the marketplace, I wish to supply to purchase these BTC at a ten% low cost for an OTC commerce.
— HE Justin Solar 孙宇晨 (@justinsuntron) March 31, 2023