Breaking: US Government Moves 10,000 Bitcoin From Silk Road Wallet

The US government has just transferred approximately 10,000 Bitcoin (BTC) from wallets linked to the dark web marketplace Silk Road. This is one of the transfers made in the past week that has contributed negatively to the current outlook for the underlying asset.

Unending US Government Bitcoin Transfers

The United States of America has one of the largest stockpiles in the nation. Most of the BTC it holds came from seizures from the dark web marketplace as part of a criminal crackdown. For unclarified reasons, the fund administrators have continued to move different tranches of the coin for months.

The fund movement aligns with that of Germany which emptied its 50,000 BTC stash in July after series of selloffs.

As showcased by data curation platform HODL15Capital on X, the US government sent a total of 10,000 Bitcoin in two tranches. The first and relatively smaller transfer featured a 0.00000546 BTC. The second include a 9999.9999 Bitcoin sent 9999.9990 BTC to “33JEE….4jnoE.”

The post Breaking: US Government Moves 10,000 Bitcoin From Silk Road Wallet appeared first on CoinGape.