- The US government sold 9,861 bitcoins on March 14, bringing in more than $215 million.
- Of the more than 51,000 seized in November, 41,490 BTC remained and will be sold in four batches this year.
- Court documents show that bitcoin is connected to the darknet market Silk Road.
The US government, which says it recently sold 9,861 bitcoins (BTC), is looking to liquidate another 41,500 BTC before the end of the year.
According to documents filed in court, the sale of bitcoins was confiscated from entities associated with the infamous darknet market Silk Road. It will be sold in four batches this year.
The US government has sold over $215 million in Bitcoin
Court documents show that the US government made more than $215 million when it sold 9,861.17 BTC out of the 51,351 bitcoins seized last November.
The liquidation took place on March 14, the court filing indicates, with this particular tranche of BTC seized by James Zhong after his arrest and trial for wire fraud related to the Silk Road.
A total of 41,490 BTC remains from what was seized from Zhong, which the US government now plans to sell in four tranches. Justin Sun, Founder of Tron (TRX), He says The US government should sell him BTC at a 10% discount through an off-exchange transaction.
The US government announced its intention to sell an additional 41,500 #BTC this year. To minimize the potential impact on the market, I would like to offer to buy this BTC at a 10% discount for an off-exchange transaction.
– His Excellency Justin Sun 孙宇晨 (justinsuntron) March 31, 2023