The U.S. government has received approval to liquidate a significant portion of its Bitcoin (CRYPTO: BTC) holdings seized from the infamous darknet website Silk Road, according to a Wednesday report.
What Happened: The Justice Department was cleared to sell 69,370 Bitcoins, valued at approximately $6.5 billion, by a federal judge, DB News reported, citing officials.
The report mentioned the DOJ citing the price volatility as a reason for pushing for permission to sell the assets.
The DOJ did not immediately respond to Benzinga's request for confirmation.
See Also: Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin's Sister Coin NEIRO Plunges 3% After Sale
This decision to liquidate contrasts the views expressed by President-elect Donald Trump, who has voiced his support for cryptocurrencies and opposed the idea of the government selling its Bitcoin holdings.
Price Action: At the time of writing, Bitcoin was trading at $94,337.75, down 2.35% in the last 24 hours, according to data from Benzinga Pro.
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The U.S. government has received approval to liquidate a significant portion of its Bitcoin (CRYPTO: BTC) holdings seized from the infamous darknet website Silk Road, according to a Wednesday report.
What Happened: The Justice Department was cleared to sell 69,370 Bitcoins, valued at approximately $6.5 billion, by a federal judge, DB News reported, citing officials.
事情經過:據Db News報道,聯邦法官批准司法部出售69,370個比特幣,估計價值約爲65億。
The report mentioned the DOJ citing the price volatility as a reason for pushing for permission to sell the assets.
報告提到,司法部指出價格波動是推動出售這些資產許可的原因。
The DOJ did not immediately respond to Benzinga's request for confirmation.
司法部沒有立即回應Benzinga的確認請求。
See Also: Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin's Sister Coin NEIRO Plunges 3% After Sale
This decision to liquidate contrasts the views expressed by President-elect Donald Trump, who has voiced his support for cryptocurrencies and opposed the idea of the government selling its Bitcoin holdings.