{"id":483000,"date":"2025-06-02T03:00:12","date_gmt":"2025-06-02T02:00:12","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=483000"},"modified":"2025-06-06T09:36:00","modified_gmt":"2025-06-06T08:36:00","slug":"silk-road-founder-receives-31-4m-btc-donation-after-bagging-1-8m-in-auction","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/silk-road-founder-receives-31-4m-btc-donation-after-bagging-1-8m-in-auction\/","title":{"rendered":"Silk Road founder receives $31.4M BTC donation after bagging $1.8M in auction"},"content":{"rendered":"

The founder of the darknet marketplace Silk Road, Ross Ulbricht<\/a>, received 300 BTC<\/a>, worth around $31.4 million, in a single donation from an unknown wallet, data<\/a> from Arkham Intelligence shows.<\/p>\n

Ulbricht, who was sentenced to life in prison, received<\/a> a full and unconditional pardon from U.S. President Donald Trump<\/a> on January 21. He was released following the pardon after serving 12 years in prison.<\/p>\n

Blockchain data<\/a> further indicates that Ulbricht transferred the received funds on June 1, sending $31.29 million to one address and $10,000.43 to another.<\/p>\n

The latest donation amount far exceeds those Ulbricht received after his release. A wallet operated by the Free Ross campaign bagged $270,000 worth of Bitcoin within days after he was freed. The funds were donated to \u201chelp Ross\u2019s transition into his new life.\u201d<\/p>\n

Ulbricht\u2019s personal items have fetched $1.8 million in an auction so far<\/h2>\n

The above transactions took place after Ulbricht had already secured $1.8 million from his ongoing auction of personal items. The auction<\/a>, which is live till June 2, is being conducted on the Bitcoin-only marketplace Scarce City.<\/p>\n

In a note on Scarce City, Ulbricht wrote:<\/p>\n

\u201cI\u2019ve decided to auction some personal items from before my arrest and during my time in prison. I don\u2019t need the reminders, and I\u2019m sure some of you will love to have them.\u201d<\/p><\/blockquote>\n

The personal items up for auction include a sleeping bag and backpack from before his arrest, prison ID cards, and paintings he created during his incarceration.<\/p>\n

Ulbricht\u2019s most recent prison ID card was sold for 5.5 BTC, worth over $580,000, after the winning bid of 11 BTC (worth approximately $1.1 million) was not paid.<\/p>\n

According to the item\u2019s description, Ulbricht had to have his ID reissued with a recent photo in 2024 after a prison guard threatened to suspend his visitation rights. Talking about the ID photo, which depicts Ulbricht smiling, he noted:<\/p>\n

\u201cThe guard tried to get me to stop smiling for the photo, but my joy comes from within, so I smiled that day, even though I was in prison :)\u201d<\/p><\/blockquote>\n

A December 2023 oil painting entitled \u2018Archway,\u2019 which Ulbricht created in collaboration with a fellow inmate who goes by Omega, was sold for 1.01 BTC, worth over $106,000. The item\u2019s description noted that Omega had taught Ulbricht oil painting techniques. He wrote<\/a>:<\/p>\n

\u201cI loved the look of this archway in a photograph so much, I had to paint it. It gave me the feeling that, if I could pass through it, something better would be on the other side.\u201d<\/p><\/blockquote>\n

Ulbricht can access millions of dollars worth of dormant BTC<\/h2>\n

In addition to the large sums Ulbricht has racked up in donations, he might also have access to millions of dollars worth of BTC that were never seized by the U.S. government. During the 2013 Silk Road bust, the government had seized<\/a> over 100,000 BTC.<\/p>\n

On Jan. 22, Coinbase<\/a> director Conor Grogan found<\/a> 430 BTC, worth around $47 million, across multiple wallets linked to Ulbricht<\/a>. These wallets were lying dormant for over 13 years, Grogan noted.<\/p>\n

Grogan\u2019s discovery was confirmed<\/a> by Arkham Intelligence, which traced 14 Bitcoin wallets linked to Silk Road, one of which contains BTC worth $9 million.<\/p>\n

Earlier last month, two of these dormant wallets became active, transferring<\/a> 3,422 BTC worth $324.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The founder of the darknet marketplace Silk Road, Ross Ulbricht, received 300 BTC, worth around $31.4 million, in a single donation from an unknown wallet, data from Arkham Intelligence shows. Ulbricht, who was sentenced to life in prison, received a full and unconditional pardon from U.S. President Donald Trump on January 21. He was released […]<\/p>\n","protected":false},"author":1386,"featured_media":483007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,77968,60793,29,60206],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nSilk Road founder receives $31.4M BTC donation after bagging $1.8M in auction<\/title>\n<meta name=\"description\" content=\"In addition to donation from multiple supporters, Ross Ulbricht also has access to millions of dollars worth of BTC that were not seized.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/silk-road-founder-receives-31-4m-btc-donation-after-bagging-1-8m-in-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silk Road founder receives $31.4M BTC donation after bagging $1.8M in auction\" \/>\n<meta property=\"og:description\" content=\"In addition to donation from multiple supporters, Ross Ulbricht also has access to millions of dollars worth of BTC that were not seized.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/silk-road-founder-receives-31-4m-btc-donation-after-bagging-1-8m-in-auction\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-02T02:00:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-06T08:36:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/06\/ross-ulbricht-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Monika Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Monika Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/silk-road-founder-receives-31-4m-btc-donation-after-bagging-1-8m-in-auction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/silk-road-founder-receives-31-4m-btc-donation-after-bagging-1-8m-in-auction\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#person\",\"name\":\"Monika Ghosh\",\"url\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"caption\":\"Monika Ghosh\"},\"jobTitle\":\"Former Reporter\",\"description\":\"Monika started reading about crypto in 2020 and went deeper and deeper down the rabbit hole. 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