US Government Moves Millions in Bitcoin to Coinbase
The US government moved over $240 million worth of seized Bitcoin to Coinbase, stoking fears it may sell some of its massive Bitcoin reserves and cause downward price pressure.
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The US government moved over $240 million worth of seized Bitcoin to Coinbase, stoking fears it may sell some of its massive Bitcoin reserves and cause downward price pressure.
Uncle Sam made off with more than $215 million this month as it began to liquidate portions of seized bitcoin. The United States government has been selling bitcoin confiscated from the Silk Road case in 2013. According to a court filing, the government sold 9,861.1707894 Bitcoin on March 14, 2023, for a total of $215,738,154.98. [...]
The post The US Government Sold Nearly 10,000 Silk Road Bitcoin appeared first on Crypto Breaking News.
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