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Bitcoin

Ulbricht auction sees $31K BTC ahead of first appearance since release

NBTCBy NBTC27/05/2025No Comments2 Mins Read

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This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

Second chances are increasingly rare in today’s world. But they do happen.

On Sunday evening, it was one year since then-Presidential candidate Trump pledged to commute the double-life sentence of Silk Road founder Ross Ulbricht, live on stage at the Libertarian National Convention at the Washington Hilton.

Eight months later, on his second day in office, Trump one-upped himself by granting Ulbricht a full and unconditional pardon, releasing him from prison after serving 12 years.

#FreeRoss worked. Now, Ulbricht is set to publicly address the Bitcoin world for the first time since his release this Friday, at Bitcoin 2025 in Las Vegas.

Living History

Ross has been free for four months. Throughout that time he’s kept up the habit of documenting his experiences, which he shares on X.

Reading over his tweets gives an insightful look into the effects of incarceration. Ross tweeted in March: “For over a decade, I didn’t have water fixtures that I could turn off and on. In prison, everything is on buttons with timers.”

“After nearly two months in freedom, I still find myself staring at faucets and shower heads, waiting for them to turn off! So weird.”

Ross has also shared a string of “firsts” since his release: First birthday and Mother’s Day. First time touching grass with his bare feet. First cheeseburger. And soon, the first Bitcoin conference.

“My big speech at Bitcoin 2025 is just a week away, but I am feeling surprisingly serene about it. I’m just looking forward to connecting with so many of you at once. It feels like I am coming home,” he tweeted last week.

Ross is also preparing for a period of travel, which “means downsizing and turning the page.”

He initially sought to auction off some of his personal belongings on eBay, but Ross struggled to verify his identity in order to actually sell anything. He’s since turned to Scarce City, the Bitcoin-powered collectibles marketplace, where he’s listed 13 artifacts from his life before and after his stint behind bars.

Check out the full Bitcoin 2025 Ross Ulbricht collection on scarce.city

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NBTC

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