Justin Sun Has A Proposal For The U.S. Govt; Offers To Buy 41K BTC At Heavy Discount

Pratik Bhuyan
April 1, 2023 Updated September 6, 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
justin sun offer buy

Justin Sun, the founder of the Tron network, has recently found himself in the midst of several adversities and challenges. Sun has been the subject of close scrutiny ever since the U.S. SEC brought charges against him for fraud and market manipulation, which resulted in the loss of his diplomatic status as Grenada’s Ambassador to the World Trade Organization.

Advertisement
Advertisement

Justin Sun Offers Bitcoin Buyout Deal

On March 31, the United States District Court for the Southern District of New York received a document from the government on the case against James Zhong, which stated that the agency has begun liquidating 51,352 Bitcoins seized in connection with the Ulbricht case. The filing claims that on March 14, government officials sold 9,861 Bitcoins for almost $215 million while keeping nearly 41,491 Bitcoins to be sold at a later date.

Read More: Top Mastercard-Backed Blockchain App Migrates To Hedera; Is HBAR Price Gunning For $1?

In light of this revelation, the 32-year-old crypto mogul offered the US government a buyout deal for the seized 41K BTC at a 10% haircut. Sun’s proposal came against the backdrop of growing concerns surrounding the mounting sell-pressure bestowed upon Bitcoin. He believes that the deal would “minimize the potential impact on the market”, as stated in his latest tweet.

Advertisement
Advertisement

Will Justin Sun Walk The Talk?

Tron’s creator explicitly mentioned that he is willing to purchase these BTC for a concession of 10%. In addition to that, he noted that he was open to the idea of executing the deal over an OTC transaction — as high-valued sales like these could adversely affect the price of Bitcoin.

On the other hand, some in the crypto community are skeptical about Sun’s assertions because he is currently the subject of an ongoing SEC investigation. However, Sun has been known to make such wild statements in the past as well. The crypto entrepreneur achieved mainstream fame and instantly rose to the top of the celebrity ladder after accepting the grand $4.5 million dinner offer from Warren Buffet back in 2020.

Also Read: Bitcoin’s Price Flashes Buy Signal, Is $35,000 In Sight?

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he has seen it all.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.