The U.S. government has received final approval from the Northern District Court of California to liquidate 69,370 BTC from federal seizure, ending a four-year legal battle tied to the Silk Road marketplace.
Chief Judge Richard Seeborg denied a motion to block the forfeiture, allowing the DOJ to sell the assets valued at $6.5 billion, though immediate liquidation is not guaranteed due to administrative processes.
https://storage.courtlistener.com/recap/gov.uscourts.cand.368440/gov.uscourts.cand.368440.173.0.pdf
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Replies (11)
So what are they going to do with after liquidate that assets ? Building something or what ?
So close to 69420
They might use it to buy into the strategic bitcoin reserve.
Sell low buy high.
Fund lobbyists to try to get rid of the second amendment.
It’ll fund the federal government for about 8 hours.
Fr what's up with that lol
so now tru.p has to start the SBR from scratch?
DOJ competing with the German government to see who can make the worst trade. These will be bought back in a few months at a significantly higher price. Taxpayers lose once again.
The FUD never stops. Maybe this time it's real, who knows. I won't hold my breath.
