US Government Transfers Over $2 Billion in Silk Road Bitcoin

Jul 30, 2024

The United States government has transferred over $2 billion worth of seized Bitcoin from the Silk Road dark web marketplace to an unidentified wallet, according to on-chain data. This move follows former President Donald Trump's announcement that he would create a national "strategic Bitcoin stockpile" if elected, which would involve no longer selling seized Bitcoin. It is unclear whether the government intends to sell the transferred Bitcoin.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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