Feds to hold bitcoin auction for seized Silk Road money

The U.S. Marshals Service announced Thursday it's holding an auction for the nearly 30,000 bitcoins it seized from Silk Road last October.

Bitcoin is currently valued around $650 per coin, meaning the 30,000 bitcoins the government is selling could fetch nearly $2 million.

Silk Road was an online drug marketplace where its nearly 1 million anonymous users could buy and sell products. The purchases were typically made with bitcoin and sales are said to have totaled more than $1 billion, according to CNET.

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