The US government moved 49,000 Bitcoin (BTC) seized from Silk Road after a long time, and transferred $217 million to the cryptocurrency exchange Coinbase.
On-chain analytics platform lookonchain Cryptocurrency wallets known to be affiliated with the US government, according to data shared by After 5 years took action. Approximately 49 thousand BTC worth 1 billion dollars This event, in which he was transferred, did not escape the attention of the cryptocurrency community.
These BTCs seized by the USA from Silk Road linked accounts 40 thousand grain of bc1q…0ch to wallet, 9 thousand if one bc1qe…rdg sent to wallet. Then, approximately $217 million from the wallet to which 40,000 BTC was sent. 9 thousand 825 pieces whereas coinbasetransferred to .
Although only a small portion of 49,000 BTC was sent to Coinbase, the movement of billions of Bitcoins from US government-linked wallets is among the community. enough to spark conspiracy theories.
Experts pointed out that if the US decides to sell Bitcoins seized from Silk Road, this will create a significant selling pressure on the market. On the other hand, the fact that this billion-dollar move was made when Bitcoin showed an upward performance after a long time and rose to the 23 thousand dollar band was also at the center of the discussions.
Millions of dollars of Bitcoin waiting to be sold
Silk Road made history as the first deep web market to be launched. Charlie Lee, founder of Litecoin (LTC) Many early users, including Bitcoin, were introduced to Bitcoin through Silk Road. The closure of Silk Road by federal authorities in 2013 and the founding Ross Ulbrichtat its current value after being sentenced to life imprisonment billions of dollars Bitcoin It was in the hands of the US government.
Over time, the government will use these Bitcoins to contribute to the state treasury. Auction sold with. billionaire investor Tim Draperapproximately from one of these auctions in 2014 30,000 BTC had bought.
In addition, this transfer to Coinbase may signal that sales can now be made not only through auctions but also directly on exchanges.