The IRS has seized 185k+ bitcoins. Where the heck do they go?

Since 2013, the feds have seized and auctioned off ~$7B worth of bitcoin.

For the IRS, criminal sting operations stereotypically involve seizing and liquidating file cabinets and Ferraris.

But today, more than ever, they involve cryptocurrencies.

Since 2013, the feds have seized and auctioned off 185k+ bitcoins that — if all held onto — would’ve been worth ~$7B today.

Once liquidated, funds are split among the Treasury Forfeiture Fund or the Department of Justice Assets Forfeiture Fund, where Congress decides their fate.

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Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

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