The government seized the Bitcoin during a Silk Road raid
The US government transferred 10,000 Bitcoin to a new wallet address. The funds, worth $593.91 million, were moved on August 14, 2024. This is the latest in a series of high-profile Bitcoin transfers by the government.
Schiff argued that if Trump intended to use the seized BTC to start a U.S. 'strategic' reserve, he would have kept it a secret. 'Now that the Biden administration is wise to his plan, they'll sell every satoshi before Trump takes office'
Data shows the US government currently possesses around 214,000 Bitcoin worth over $13 billion
The US government has announced a reward of up to $5 million for information leading to the arrest of Ruja Ignatova, the founder of OneCoin