The US Government Transfers $297 Million Worth of Seized Bitcoin
The US government has recently made a significant move involving the transfer of over $297 million worth of bitcoin that was seized from the Silk Road hacker. Here are the key points:
– The total amount seized from the hacker was worth over $1 billion, which is equivalent to 49,000 bitcoins.
– At the current price point, these assets would be valued at roughly $1.5 billion as bitcoin holds above the $30,000 mark.
– 9,825 bitcoins, worth $298.7 million, were transferred to different addresses. Out of this total, 1,625 coins were moved to two new addresses, and the remaining 8,200 tokens were placed into eight whale wallets in 101 transactions.
– The whales’ addresses had been inactive for the past two years. It’s worth noting that 9,825 coins were stored in Coinbase, while the remaining 39,175 bitcoins were sent to new addresses.
– This transfer by the US government coincides with a slight decrease in the BTC price, which has declined by 1.3% in the past 24 hours. However, the asset’s trading volume has experienced a significant increase, rising by 22% to reach $14.5 billion.
In summary, the US government has taken action to transfer a substantial amount of bitcoin that was seized from the Silk Road hacker. This move comes as the BTC price experiences a slight dip but with increased trading volume.
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