US to begin selling off its Silk Road Bitcoin hoard

When the FBI seized Silk Road and the assets of its founder, it inadvertently became the owner of one of the world's largest Bitcoin hoards. Just six months later, the US has decided that it wants to sell the smaller, Silk Road-owned portion of the stash, made up of 30,000 BTC worth around $18 million. The public auction will take place between 6am and 6pm on June 27th, with the funds being broken down into blocks of 3,000 BTC to make it a little more manageable. If, however, you fancied getting in on the action, be advised that you'll have to front a deposit of $200,000 just to be allowed in. Still, if it'll take you a bit longer to scrounge up that level of cash, the US will also look to sell off Ross "Dread Pirate Roberts" Ulbricht's personal Bitcoin fortune -- currently valued at around $87 million -- before his trial begins in November.