- DOJ has reportedly accredited the sale of seized 69K BTC, which Trump deliberate to repurpose for strategic reserve.
- No seized BTC had been moved from key wallets as of this writing.
Crypto Twitter has been abuzz with hypothesis that the U.S. Division of Justice (DOJ) greenlighted the sale of 69K Bitcoins [BTC], price $6.5B, seized from Silk Street.
The replace was first shared by media writer DB Information, citing a U.S. official.
In an X (previously Twitter) publish dated the ninth of January, the writer said,
“The U.S. Govt has been given the greenlight to liquidate 69,000 BTC ($6.5B) from Silk Road, an official confirmed to DB News today. Interesting situation less than 2 weeks away from the new admin who vowed to not sell.”
Supply: X
What’s subsequent for U.S. BTC strategic reserve?
Market sentiment has at all times been impacted every time updates on the U.S. authorities’s motion of BTC floor.
Provided that President-elect Donald Trump pledged to type a U.S. BTC strategic reserve (SBR) utilizing the above seized BTC, potential actions are much more scrutinized by the market.
Some neighborhood members speculated that the seized BTC had already been bought by a ‘credit line.’ One consumer claimed,
“The “seized BTC” that was meant for use for a ‘strategic reserve’ [under the Trump administration] was bought off already, with a credit score line sanctioned by Coinbase.”
Some flagged the replace as FUD. Actually, Arkham information confirmed no steadiness decline in wallets linked to seized BTC at press time.
Supply: Arkham
Nonetheless, if true, the sale might occur earlier than Trump’s presidential inauguration. Based on some market specialists, even such a state of affairs wouldn’t massively detour BTC.
Glassnode founders clarified that such a sale wouldn’t occur by exchanges however by OTC (over-the-counter) markets. So, it gained’t suppress the king coin.
Supply: X
On his half, CryptoQuant founder Ki Younger Ju downplayed the panic, reinforcing that the potential $6.5B sell-off may very well be easily absorbed by the market. He stated,
“Last year, $379B entered the market based on realized cap—roughly $1B per day. The U.S. govt selling $6.5B could be absorbed in just a week. Do not panic.”
All stated, prediction websites like Polymarket and Kalshi priced a +40% likelihood of a U.S. BTC strategic reserve in 2025.
Nonetheless, at press time, the chances of that taking place within the first 100 days of the brand new administration declined from 34% to 27%.
Supply: Polymarket
