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TheGrinder
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2025-01-09 11:26:55

TheGrinder on Nostr: Jan 2025 - US Gov prepares to sell 69,370 BTC for ~6.9 Billion USD. Later in 2025 - ...

Jan 2025 - US Gov prepares to sell 69,370 BTC for ~6.9 Billion USD.
Later in 2025 - US Gov plans to acquire 70,000 BTC for a strategic Bitcoin reserve for 14 Billion USD.

Nothing good ever came from copying the Germans.
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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