U.S. authorities are preparing to drain more than 40,000 #BTC by the end of the year
More than 40,000 BTC (over $1.1 billion at current exchange rates) confiscated in the #SilkRoad case will be sold off by the end of 2023.
According to the details provided, authorities sold more than 9,861 BTC back on March 14, 2023.
At that time, bitcoin quotes fell to $19,760 a couple of days before the deal, according to TradingView. How quickly the U.S. government intends to sell the remaining 41490.7 BTC is unclear, but it is noted that the #cryptocurrency will be sold in four tranches.
"...the government plans to sell the remaining bitcoins before the end of the calendar year," according to the court document.
Hold or Utility ?
