USA Prepares to Sell Tens of Thousands of Bitcoins: Here are the Details!

Despite the US government’s stance towards the cryptocurrency market, the largest bitcoin one of the owners. The biggest reason for this is the assets seized by the operations. According to court filings, the US government holds more than 2,05,000 BTC as of March 27. The numbers reveal that the US government is the largest holder of BTC.

The US government had initially seized assets held by Silk Road. After these operations, 69,369 BTC was obtained from person X. Later, 50,000 BTC was seized from the wallet associated with James Zhoung.

Now, according to the details in the latest court documents, the US government plans to sell 41,500 Bitcoins linked to Silk Road.

According to details in court documents, the government plans to sell Bitcoin in four pieces this year. Details revealed that the government has begun liquidating 51,351.89 BTC lost in the Ulbricht lawsuit.

Bitcoin news
Court file on Bitcoin.

The government sold 9,861 BTC on March 14, 2023 for a total of $215 million. The government plans to liquidate the remainder of 41,490.72 BTC in four different batches this calendar year.

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