$6.5B Bitcoin Sale by US Approved Will It Trigger a BTC Crash?

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The US government holds about $18.50 billion worth of Bitcoin, which it may sell entirely ahead of Donald Trump’s presidency.

The US Department of Justice (DOJ) is poised to auction off $6.5 billion worth of Bitcoin seized from Silk Road. The decision follows a Dec. 30 court ruling, concluding a protracted legal battle over ownership of this BTC.

US government could sell more BTC before Trump

As of Jan. 9, the US government was holding 198,000 BTC, worth around $18.5 billion, according to data resource Arkham Intelligence. The $6.5 billion is part of the same reserves.


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