Ulbricht could already be sitting on millions in Bitcoin, according to Conor Grogan, a director at the San Francisco-based cryptocurrency exchange Coinbase. Grogan noted that around 430 BTC—worth approximately $47 million—awaits untouched in wallets possibly linked to Ulbricht. These wallets have been dormant for over 13 years, he said.

Ross Ulbricht’s full pardon by President Trump marks a monumental victory for Bitcoiners, symbolizing justice for a man who became a beacon for freedom and innovation. This long-awaited moment proves the power of persistence and reminds us to keep advocating for Bitcoin and freedom.

Bitcoin hit a new high as President Donald Trump made big moves after his inauguration—like freeing Silk Road founder Ross Ulbricht.

President Donald Trump granted a pardon to Silk Road marketplace founder Ross Ulbricht, a promise he made to the cryptocurrency industry during his campaign.

Until, of course, in 2013 the Silk Road was shut down by FBI agents and Mr Ulbricht, then 29 years old, was arrested in the science-fiction section of a San Francisco public library. In 2015, after a four-week trial,

Ross Ulbricht’s pardon marks a historic event for crypto, but its impact on Bitcoin’s public image is a mixed bag, according to the community.

Coinbase director Conor Grogan says Bitcoin wallets left behind by Ross Ulbricht when he was imprisoned for his underground online marketplace Silk Road are still holding tens of millions of dollars worth of BTC.

U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.

Any level above $150,000 for Bitcoin would be "speculative fever," US SEC cancels SAB 121 rule, and more: Hodler's Digest

Even some Democrats, including former New Jersey Sen. Bob Menendez and civil rights leader Jesse Jackson Sr., have plans to approach Trump.

Ross Ulbricht was convicted in 2015 in New York in a narcotics and money-laundering conspiracy and sentenced to life in prison for operating the dark web marketplace where illegal drugs were sold