As it is known, between November 2020 and 2022, the US government sent 207,189 people connected to Silk Road, hacker Jimmy Zhong and cryptocurrency exchange Bitfinex hackers. BitcoinHe confiscated .
At this point, less than 5% of the Bitcoins seized by the US government to date have been sold.
According to Blockworks, In February last year, US officials previously Silk He sent 9,861 BTC belonging to Road to Coinbase and sold it.
The US government made this sale at an average price of $ 21,800 per BTC and earned $ 215 million in revenue.
Making a statement after the sale, US lawyers said that they planned to sell the remaining 41,491 Bitcoins from Silk Road (worth $ 1 billion at the time and $ 1.8 billion today) in four lots in the next calendar year.
Accordingly, there are only two months left until the deadline announced by the lawyers expires.
The US Department of Justice also seized 8,200 of these Bitcoins last July. to Coinbase (worth $252 million then, $350 million now). However, it has not been confirmed yet whether these BTCs have been sold and no official statement has been made.
sent to Coinbase BTCIf ‘s were sold, it means that one of the sales planned to be made in 4 parts may have been completed.
As a resultk If the US government sticks to its plans, it will sell these BTCs, which have a current value of $1.8 billion, in the next 2 months.
The US government has the world’s largest Bitcoin stash, potentially surpassing El Salvador, Ukraine, Bhutan, Venezuela and Finland. However, the Chinese government, which seized 195,000 BTC ($8.4 billion) in 2020, may become a rival to the USA if it does not sell the BTCs it has.
*This is not investment advice.
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