Loading...
Market
Largest purchaser of Bitcoin from DOJ sale?
2
Resolution / Starting Odds
Institutional Investor • 25%
Retail Investor • 25%
Cryptocurrency Exchange • 25%
Other • 25%
DOJ press releases or official announcements
Story
U.S. DOJ Cleared by Federal Judge in Northern District of California to Sell 69,370 Bitcoin from Silk Road, Valued at $6.5 Billion
Jan 9, 2025, 04:14 AM
The U.S. Department of Justice (DOJ) has been authorized by a federal judge in the Northern District of California to liquidate 69,370 Bitcoin, valued at approximately $6.5 billion, that were seized from the Silk Road marketplace. The ruling, issued on December 30, marks the end of a four-year legal battle over the ownership of these assets, which were part of the largest-ever federal seizure of cryptocurrency. The DOJ cited price volatility as a reason for expediting the sale, despite ongoing disputes from claimants like Battle Born Investments, which had sought to delay the liquidation. The government's decision to proceed with the sale comes less than two weeks before the inauguration of President-elect Donald Trump, who has pledged to retain seized Bitcoin as part of a strategic reserve.
View original story
Similar markets
Other • 25%
A major cryptocurrency exchange • 25%
A hedge fund or investment firm • 25%
A private individual or group • 25%
Institutional investor • 25%
Cryptocurrency exchange • 25%
Private individual • 25%
Other • 25%
Traditional Financial Markets • 25%
Blockchain Technology • 25%
Crypto Mining • 25%
Cryptocurrency Exchanges • 25%
Below $80,000 • 25%
Above $100,000 • 25%
$90,001 - $100,000 • 25%
$80,000 - $90,000 • 25%
Other • 25%
Exchange sale • 25%
Private sale • 25%
Public auction • 25%
$90,001 to $100,000 • 25%
Above $100,000 • 25%
Below $80,000 • 25%
$80,000 to $90,000 • 25%
Marathon Digital • 25%
Riot Platforms • 25%
Other • 25%
MicroStrategy • 25%
Satoshi Nakamoto • 25%
Bitcoin ETFs • 25%
Other • 25%
Grayscale Bitcoin Trust • 25%
Remains the same • 25%
Moves by 2 or more ranks • 25%
Moves up by 1 rank • 25%
Moves down by 1 rank • 25%