United States 
Overview
- Type
- Government
- BTC Balance
- 41,491
- Last Updated
About
As of now, all holdings relate to the seizure of BTC originating from Silk Road.
Stats Over Time
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Balance Sheet History
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| Cost Basis | ||||
|---|---|---|---|---|
| Mar 14, 2023 | 41,491 | -9,861 | $877,550,453 | |
| Nov 04, 2022 | 51,352 | +51,352 | $1,086,119,343 |
- Sources
- Notes
Cost is based on the closing price of BTC on November 4, 2022 (date of the guilty plea) of $21,150.
Dates and quantities of seizure of BTC traceable to Silk Road (see second link):
- November 9, 2021 – 50,491.06251844
- March 25, 2022 – 825.38833159
- May 25, 2022 – 35.447008
[...] JAMES ZHONG pled guilty to committing wire fraud in September 2012 when he unlawfully obtained over 50,000 Bitcoin from the Silk Road dark web internet marketplace. ZHONG pled guilty on Friday, November 4, 2022, before United States District Judge Paul G. Gardephe.
- Sources
- Notes
With respect to the 51,351.89785803 Bitcoin forfeited in the Ulbricht case before Judge Schofield, the Government has begun liquidating (selling) it. On March 14, 2023, the Government sold 9,861.1707894 BTC (of the 51,351.89785803 BTC) for a total of $215,738,154.98. After $215,738.15 in transaction fees, the net proceeds to the Government were $215,522,416.83. Of the Bitcoin forfeited in the Ulbricht case, there remains approximately 41,490.72 BTC, which the Government understands is expected to be liquidated in four more batches over the course of this calendar year.
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