On-chain data reveals that two wallets linked to the Silk Road crypto seizure and tagged by the U.S. Government have transferred over $300 million in bitcoin (BTC). This was done in three separate transactions.

After the transaction, bitcoin’s price fell 0.8%, to $30.480. It has since recovered, and is now at $30.660.

Bitcoin’s block explorer shows that the government-controlled wallets sent a total of 9,825 bitcoin ($301 million).

In March the same wallet moved over $1 billion worth of bitcoin, which caused a crash in all major cryptocurrencies.

The U.S. The U.S. The sale was made after the government confiscated 50,000 bitcoins linked to Silk Road in November.

Nelson Wang is the editor.