The U.S. government has received approval to liquidate a significant portion of its Bitcoin (CRYPTO: BTC) holdings seized from the infamous darknet website Silk Road, according to a Wednesday report.
What Happened: The Justice Department was cleared to sell 69,370 Bitcoins, valued at approximately $6.5 billion, by a federal judge, DB News reported, citing officials.
The report mentioned the DOJ citing the price volatility as a reason for pushing for permission to sell the assets.
The DOJ did not immediately respond to Benzinga’s request for confirmation.