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Reading: $31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows
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Thecryptonewshub > Blog > Crypto News > Bitcoin > $31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows
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$31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows

Crypto News
Last updated: June 2, 2025 2:05 am
Crypto News
Published: June 2, 2025
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wp header logo 23 $31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows

According to blockchain analysis platform Lookonchain, the 300 BTC landed in Ulbricht’s wallet just hours after it was sent. This isn’t the first time generous backers have reached out.

Earlier in 2025, Kraken quietly wired over $111,111 to help him adjust to life outside prison. A group called Free Ross has claimed more than $270,000 in donations.

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Another address tied to Ulbricht gathered $4,615 in Ethereum, USDC, Tether (USDT), and Binance Coin (BNB). All of this suggests that plenty of people still care deeply about his fate.

Ulbricht has also turned to selling pieces of his past. Based on reports from Scarce City—the Bitcoin-powered collectibles platform—he’s raised about $1.8 million by auctioning personal items and art.

His prison ID card drew the highest bid: 11 BTC, now worth more than $1.1 million. An oil painting made with help from fellow inmate “Omega” sold for 1.01 BTC. Thirteen artifacts in all were up for grabs, including prison sneakers, a sweatsuit, a t-shirt, a prison notebook, and a locker lock.

Before his arrest, he’d owned things like a djembe drum, a backpack, and Vibram FiveFingers shoes. Bidders must complete payment by June 2, and Ulbricht has said he’s ready to move on from these physical reminders.

Featured image from Unsplash, chart from TradingView

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