Happy Friday, I brought you the truth 😔👌

The Department of Justice has reportedly approved the sale of the seized 69K BTC, which Trump planned to reuse for the strategic reserve.

The seized BTC has not been moved from the main wallets as of this writing.

Crypto Twitter was very upset by speculation that the US has given the green light to the Department of Justice to sell 69K Bitcoins [BTC], worth $6.5B, seized from Silk Road.

The update was first shared by media publisher DB News, citing a senior US official, knowing that there is no senior US official, but they represent decadence itself.

This is what was written in a post by X (formerly Twitter) on January 9, “The US government has been given the green light to liquidate 69,000 BTC ($ 6.5B) from Silk Road, an official confirmed to DB News today. Interesting position less than two weeks away from new admin who pledged not to sell.”

Bitcoin US

Source: X

What’s next for the US Strategic BTC Reserve?

Market sentiment has always been affected whenever updates on the US government’s move to surface BTC.

Given that President-elect Donald Trump has pledged to form the US Strategic BTC Reserve (SBR) using the above-mentioned BTC, potential moves are being scrutinized further by the market.