Next month, 44, 341 bitcoins (£7 million) will go on auction as the fourth batch of confiscated bitcoins from the Silk Road arrest.
Auction
The bitcoins were originally seized by the FBI during an arrest of Ross Ulbricht who is the alleged creator of the Silk Road, a dark web marketplace.
This comes from the total of 144,000 bitcoins which were seized from Ulbricht in 2013.
The value of bitcoins seems to be somewhat volatile, but the winner of the first two auctions, Tim Draper, said that the you shouldn't worry about the market price at the time of the auction. "The interesting part is that we are fixing valuation and the 200 bitcoins are worth about $120,000 today, but may be worth quite a bit more (or less) when the entrepreneur receives them," he said in a statement following the second auction.