US Government Dumps $6.5 Billion Silk Road Bitcoin Stash

The federal government just got the greenlight to sell $6.5 billion in Bitcoin seized from Silk Road
The legal decision marks the end of the road for a years-long legal battle over 69,370 Bitcoins, seized in 2020 from an unidentified hacker referred to in court documents as “In
Bitwise CIO Reveals What Will Happen If The US Sells Its Silk Road BTC
Bitwise Chief Investment Officer Matt Hougan has revealed two things that could happen if the US Government sells its Silk Road Bitcoin stash.
US Government Dumps $6.5 Billion Silk Road Bitcoin Stash After DoJ Greenlight
The US government dumped all of the $6.5 billion worth of Bitcoin seized from dark web marketplace Silk Road after receiving DoJ approval.
Why is the US selling BTC worth $6.5 billion seized from Silk Road?
The US Department of Justice (DOJ) has announced plans to liquidate 69,370 Bitcoin valued at $6.5 billion, seized from the infamous Silk Road case. While headlines focus on the staggering sum, this move isn’t just a one-off financial manoeuvre;
US Court Greenlights Sale of $6.5B in Seized Silk Road Bitcoin
The ruling does not ensure immediate liquidation of the seized Bitcoin, as federal asset forfeiture requires several administrative processes.
U.S. Govt Cleared to Liquidate 69K BTC Worth $6.5B Seized from Silk Road: Report
The US DOJ received approval to sell 69,370 Bitcoin worth $6.5B, seized from Silk Road, following a federal judge’s Dec. 30 ruling.
DOJ cleared to sell $6.5B in Bitcoin seized from Silk Road
DOJ receives court approval to proceed with the $6.5B Silk Road Bitcoin sale despite ownership objections and volatility concerns.
Bitcoin price slides amid fears US government could sell more of Silk Road stash
Investors are worried that a sale of the government's bitcoin stash could trigger market volatility and impact cryptocurrency prices.
US To Dump 69K BTC From Silk Road Before Donald Trump Takes Over
The U.S. DoJ is set to sell 69,370 BTC worth over $6.5 billion after court approval. The approval comes just weeks before Donald Trump takes
Market Fears of Potential Selling Pressure From Possible Silk Road Sale is Overblown: Van Straten
Since September, the market has absorbed over 1 million bitcoins, while the price has gone from around $60,000 to over ...
US selling 69K seized bitcoins could mess with Trump plans for crypto reserve
At the end of 2024, a US court authorized the Department of Justice to sell 69,370 bitcoins from "the largest cryptocurrency ...
The incredible £240bn silk road set to be the 'international trade route of the future'
Experts say the route could cut up to two weeks off the travel time for ships journeying from China to Europe.
Polymarket users bet Biden more likely to pardon SBF than Ross Ubricht
Donald Trump promised to commute the sentence of Silk Road founder Ross Ulbricht, but some Polymarket users are betting on ...
Cryptopolitan on MSN1d
El Salvador’s Nayib Bukele ready to buy America’s Bitcoin at a discount
El Salvador's President Bukele hints at buying Bitcoin at a discount after the U.S. government seizes 69,370 BTC from the ...
US Government's Silk Road Bitcoin Holdings Drop To 0 After DOJ Reportedly Approves Sale Of Crypto Worth $6.5 Billion (Updated)
This story has been updated with additional information. The U.S. government has received approval to liquidate a significant ...