3 ms·

This could have a significant downward impact on bitcoin's market price. I imagine they will be sold fairly quickly.

• bogota 3y ago
  The volume today is 22 billion. 2 billion in downwards pressure would lower the price but it’s really not a huge deal. Most deals like that are not done on the open market though.
• paulpauper 3y ago
  it is a lot but it would not be sold at once. probably sold in secondary/OTC market
• coffeebeqn 3y ago
  If it’s sold at an auction or anything like that I don’t know how much arbitrage you can really get. Especially since there might be fees or taxes
• vkou 3y ago
  Governments aren't fools, they generally don't just yolo a market sell order when liquidating seized financial instruments.
• wolverine876 3y ago
  They may be sold to a financial institution at some discount on face value, which would then do the best they can with them.