Public announcements or reports from the U.S. government or relevant financial news outlets

U.S. Supreme Court Clears Way for Government to Sell 69,370 Silk Road Bitcoins Worth $4.38B

Oct 8, 2024, 07:03 AM

The U.S. Supreme Court has denied a certiorari petition from Battle Born Investments, declining to hear an appeal regarding the ownership of 69,370 Bitcoin (worth approximately $4.38 billion) seized from the Silk Road marketplace. This decision effectively paves the way for the U.S. government to sell the assets. Battle Born Investments had claimed rights to the Bitcoin through bankruptcy proceedings, but the courts rejected their claim.