- The US authorities bought 9,861 bitcoin on 14 March, netting over $215 million.
- 41,490 BTC stay from over 51,000 seized in November and might be bought in 4 batches this yr.
- Court docket paperwork present that bitcoin is linked to the darknet market Silk Street.
The US authorities, which says it just lately bought 9,861 bitcoin (BTC), is reportedly seeking to liquidate one other 41,500 BTC earlier than the top of the yr.
In accordance with paperwork filed in courtroom, the sale is for Bitcoin seized from entities linked to the notorious darknet market Silk Street. The sale will happen in 4 batches this yr.
US authorities bought over $215 million price of BTC
Court docket paperwork present that the US authorities netted over $215 million when it bought 9,861.17 BTC out of the 51,351 bitcoin seized final November.
The liquidation occurred on 14 March, the courtroom submitting signifies, with this specific tranche of BTC forfeited by James Zhong following his arrest and arraignment over wire fraud associated to Silk Street.
A complete of 41,490 BTC stay from what was seized from Zhong, which the US authorities now plans to promote in 4 tranches. Justin Solar, the founding father of Tron (TRX), says the US authorities ought to promote the BTC to him at a ten% low cost by means of an OTC deal.
US authorities has introduced its intention to promote a further 41,500 #BTC this yr. To attenuate the potential influence in the marketplace, I wish to supply to buy these BTC at a ten% low cost for an OTC deal.
— H.E. Justin Solar 孙宇晨 (@justinsuntron) March 31, 2023