The U.S. government conducted a historic sale of 69,370 Bitcoins seized from the Silk Road website for approximately $6.7 billion on January 8, 2025. The transaction was authorized by the U.S. Department of Justice following an ownership dispute.
Transaction Details
1. *Initial wallet value*: $19.5 billion (207,189 Bitcoins)
2. *Number of Bitcoins sold*: 69,370
3. *Sale value*: $6.7 billion
4. *Final balance*: $12.8 billion (137,819 Bitcoins)
Implications
The sale marks a significant milestone in the U.S. government’s management of digital assets, reflecting its strategy of managing international reserves.
Sources
1. U.S. Department of Justice
2. CoinDesk
3. Bloomberg
