- March 14 The US authorities bought 9,861 bitcoins for $215 million.
- 41,490 BTC stay of the greater than 51,000 seized in November and can be bought in 4 batches this 12 months.
- Court docket paperwork present that bitcoin is linked to the darknet market Silk Street.
The US authorities, which says it not too long ago bought 9,861 bitcoins (BTC), is reportedly seeking to liquidate one other 41,500 BTC by the top of the 12 months.
Bitcoin seized from entities linked to the notorious darknet market Silk Street has been bought, in accordance with courtroom paperwork. This 12 months the sale can be held in 4 batches.
The US authorities has bought over $215 million price of BTC
Court docket paperwork present the US authorities made greater than $215 million when it bought 9,861.17 BTC of the 51,351 bitcoins seized final November.
The liquidation occurred on March 14th, with a courtroom submitting indicating that this specific portion of BTC was seized by James Zhong following his arrest and indictment for Silk Street fraud.
A complete of 41,490 BTC remained from Zhong’s seizure, which the US authorities now plans to promote in 4 installments. Justin Solar, founding father of Tron (TRX), says The US authorities ought to promote BTC to him at a ten% low cost over-the-counter.
The US authorities introduced its intention to promote a further 41,500 items #BTC This 12 months. To attenuate the potential affect available on the market, I want to provide to buy these BTC at a ten% low cost for an OTC transaction.
— HE Justin Solar 孙宇晨 (@justinsuntron) in 2023 March 31
