U.S. Government Gains Full Control of 69,370 BTC ($4.33B) from Silk Road Seizure, Free to Sell
In a landmark development, the U.S. government is now free to sell 69,370 BTC ($4.33 billion) confiscated from Silk Road's mysterious "Individual X" after a crucial legal hurdle was cleared. On October 7, the U.S. Supreme Court declined to hear the case brought by Battle Born Investments over the ownership of these Bitcoin assets, handing full control of the seized funds to the government.
This decision marks a pivotal moment in one of the largest Bitcoin seizures in history. The BTC, which has been sitting untouched in wallet 'bc1qa5' for four years, is part of the 203,239 BTC ($12.63 billion) currently held by the U.S. government.
The last time the government moved Bitcoin was just two months ago, when it transferred 29.8K BTC ($2.02B), including 10K BTC ($594M) sent to Coinbase Prime. Now, with full ownership of the Silk Road Bitcoin in hand, the question remains: Will the government move to sell these assets soon?
Wallet Address: bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6
