The United States recently approved the sale of more than 69,000 bitcoins that were seized from the Silk Road, an illegal online marketplace. These bitcoins are worth around $4.4 billion. The decision came after the Supreme Court rejected an appeal from Battle Born Investments, which was claiming ownership of these assets. The sale will be overseen by the US Marshals Service via trading platforms such as Coinbase Prime.

The government’s move to sell such a large amount could have a significant impact on the Bitcoin market, as the announcement previously led to a slight drop in the price of Bitcoin by around 2%. There have been proposals from some US politicians, such as Donald Trump, to use these assets as a strategic reserve instead of selling them, but so far no actual steps have been taken in this direction.

It is worth noting that this is not the first time that the United States has sold Bitcoin seized from Silk Road, as it has previously sold large amounts of Bitcoin in the same way.