The United States government transferred 30,175 units of Bitcoin (BTC) on Tuesday morning (2) to a wallet on the Coinbase exchange, according to intelligence firm Arkham Intelligence. The amount is the equivalent of US$2 billion, according to the cryptocurrency’s price this morning, at US$66 thousand.
The digital assets are linked to funds seized by the United States Department of Justice from Silk Road, a former marketplace for illegal Internet products. dark web that accepted cryptocurrencies as payment.
US authorities confiscated 69,370 Bitcoins from marketplace in 2020. At the time, the government said in a statement that “the seizure represents the largest cryptocurrency confiscation in the agency’s history.”
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The transfer of cryptos to exchanges signals a possible sale. The last time the US government adopted such a strategy was in late 2022, when it disposed of 9,861 digital currencies, valued at US$216 million at the time.
The US is the sixth largest holder of Bitcoin in the world, with 207,189 units of the cryptocurrency, worth approximately US$13.8 billion. The country is second only to the publicly traded company Microstrategy (MSTR), the Binance exchange, two ETF (index fund) managers and Satoshi Nakamoto, creator and largest holder of digital currency.
Tags: USA moves billion Bitcoin generates fear cryptocurrency selloff
