The US Government has begun liquidating Bitcoin that it has confiscated in from the Silk Road, according to the Ross Ulbricht case.
On March 14, 2023, the Government sold 9,861 (of the total 51,351BTC) for a total of $215,738,154.98.
There remains approximately 41,490 BTC, which the Government is expected to liquidate in four more batches over the course of this calendar year.
*edit:
Their average sell price of BTC is 21,877. BTC is at $28400 as of this moment
Source: https://twitter.com/tier10k/status/1641821284341280768
Official pdf Document is available in the tweet here: https://twitter.com/tier10k/status/1641822159432548352
submitted by /u/Chysce
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