US government carries out large Bitcoin transactions, the purpose remains unclear

Am 12. Juli führte eine mit dem DOJ (Department of Justice) verbundene Kryptowährungs-Wallet eine Reihe von Transaktionen durch, bei denen etwa 9.825,25 Bitcoin im Wert von fast 299 Millionen US-Dollar bewegt wurden. Der genaue Zweck dieser Transaktionen bleibt unklar. Die ersten Transaktionen beinhalteten die Übertragung von etwa 9.825 Bitcoins im Zusammenhang mit der Beschlagnahmung der Seidenstraße an drei Adressen. Der Großteil der Münzen, etwa 8.200 BTC im Wert von fast 250 Millionen US-Dollar, wurde an eine einzige Adresse gesendet, die den Gesamtbetrag später auf 101 separate Adressen aufteilte. Zuvor hatte die US-Regierung bekannt gegeben, dass sie die verbleibenden BTC aus …
On July 12, a cryptocurrency wallet associated with the DOJ (Department of Justice) carried out a number of transactions in which around 9,825.25 Bitcoin worth almost $ 299 million were moved. The exact purpose of these transactions remains unclear. The first transactions included the transmission of around 9,825 bitcoins in connection with the confiscation of the Silk Road on three addresses. The majority of the coins, around 8,200 BTC worth almost $ 250 million, was sent to a single address that later divided the total amount into 101 separate addresses. Previously, the US government announced that it had the remaining BTC ... (Symbolbild/KNAT)

US government carries out large Bitcoin transactions, the purpose remains unclear

On July 12, a cryptocurrency wallet associated with the DOJ (Department of Justice) carried out a number of transactions in which around 9,825.25 Bitcoin worth almost $ 299 million were moved. The exact purpose of these transactions remains unclear.

The first transactions included the transfer of around 9,825 bitcoins in connection with the confiscation of the Silk Road on three addresses. The majority of the coins, around 8,200 BTC worth almost $ 250 million, was sent to a single address that later divided the total amount into 101 separate addresses.

Before that, the US government had announced that it would like to liquidate the remaining BTC from the Silk Road Structure through four batch transactions during the calendar year.

The latest on-chain data indicate that the US government may test liquidity strategies. According to reports, an account in connection with batch transactions carried out on March 7, 2023 made a profit of around 237,934,919 US dollars in an inventory of 30,174.7 Btc.

Despite speculation about these transactions and their effects, due to the large number of transactions and associated wallets, it has become increasingly difficult to pursue the exact use of every coin.

It remains to be seen which plans the DOJ and the US government have for the remaining bitcoins from the silk road confiscation and how this will affect the cryptocurrency market. The fact that a single address has divided the majority of the coins into 101 separate addresses could indicate that various strategic decisions are made to distribute the Bitcoin stocks to different wallets and possibly minimize the risk.

It will be interesting to observe how these transactions will influence the market and the Bitcoin price. Despite the ambiguities of the exact purpose of these transactions, the silk-road confiscation remains an interesting case in the cryptocurrency world.