How much money has the US Marshals Service made selling bitcoins?

The U.S. Marshals Service says it has sold off 187,381 bitcoins in nine auctions since 2014. A spokesperson declined to provide the sums of money involved, but based on the price of bitcoin on the day of each sale, NBC News estimated the total take would have been around $179 million.

What happened to bitcoin over the weekend?

However, over the weekend, bitcoin sold off again, dipping below $32,000 apiece. The rally was back on Monday, with bitcoin rising around 12% to trade above $37,000. “Bitcoin volatility is sort of systematic to the network itself, so I think anybody who buys bitcoin has to be aware it’s always going to be hyper-volatile.

How much is bitcoin worth?

In its first seizure related to Silk Road in 2014, the government grabbed 29,657 bitcoins and sold them for around $18 million. Today, it would be worth more than $1.6 billion. In those days, it wasn’t easy to sell Bitcoin, a digital currency created with blockchain technology and stored in so-called digital wallets.

How many Bitcoins are there?

The hard limit of Bitcoin’s supply is set at 21 million coins. Out of this, 18.77 million have already been ‘mined’. That means, 83% of all the Bitcoin that will ever come into existence have already been brought into circulation within 12 years of its creation.