#OnChainLendingSurge UPDATE 🚨🚨🚨: The US government has yet to sell any of Silk Road’s Bitcoin holdings, and surprisingly, the wallet has never had a transfer out. This is interesting, given the significant value of the Bitcoin hoard, currently valued at around $13.3 billion.

It should be noted that the US government has transferred some Bitcoin to Coinbase in the past, but this could be part of a plan to sell or manage their holdings. The government’s strategy for managing and selling its Bitcoin holdings remains unclear, and the crypto community is closely watching any developments.

The update also mentions that the wallet has never had a transfer out, suggesting that the government is currently holding Bitcoin. This could be for a variety of reasons, such as waiting for a more favorable market price or exploring other options for managing their holdings