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Replying to Avatar No Bullshit Bitcoin

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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hasky 1y ago

So what are they going to do with after liquidate that assets ? Building something or what ?

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Big Barry Bitcoin 1y ago

They might use it to buy into the strategic bitcoin reserve.

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Big Barry Bitcoin 1y ago

Sell low buy high.

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shortwavesurfer2009 1y ago

Fund lobbyists to try to get rid of the second amendment.

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Toxic Bitcoiner 1y ago

It’ll fund the federal government for about 8 hours.

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