US government plans to sell 41K Bitcoin ( $64,309.00 ) connected to Silk Road

The United States government plans to liquidate more than 41,000 Bitcoin ( $64,309.00 ) seized as part of the case against Silk Road creator Ross Ulbricht.

A March 31 filing with U.S. District Court for the Southern District of New York regarding the case against James Zhong said U.S. government authorities had begun liquidating roughly 51,352 Bitcoin ( $64,309.00 ) (BTC) seized in the Ulbricht case. According to the filing, officials sold roughly 9,861 BTC for more than $215 million on March 14, leaving roughly 41,491 BTC.

“The Government understands [the Bitcoin ( $64,309.00 ) ] is expected to be liquidated in four more batches over the course of this calendar year,” said the court filing.

This is a developing story, and further information will be added as it becomes available.