Bloomberg reports that an auction held today by the USMS1 for 50,000 BTC attracted a total of 34 bids from 14 participants including third time bidders SecondMarket. The fenced goods are expected to be transferred to the winner/s of the auction by Monday at the earliest.
Alluding to Buterin's Waterfall, Gil Luria of Wedbush Securities Inc was quoted by Bloomberg as saying:
"The steady stream of supply provided by the U.S. Marshals auctions is likely causing some pressure on bitcoin prices because they are coming on top of the existing supply from miners, once all the auctions are complete I would expect that overhang to lead to some price increases.
USMS spokesman Lynzey Donahue confirmed that the government has a remaining 44,341 BTC to sell at an as yet to be determined time and date. Speaking to Bloomberg, Donahue said:
"We anticipate selling them in the coming months. No exact dates have been determined."
Once future auctions for what remains of the 144,000 bitcoins confiscated from Ross Ulbricht's computer are complete, there is nothing that would preclude the USMS and other USG departments from holding additional auctions for non-existent coins in order to further suppress the price of bitcoin. It remains to be seen how effective such stalling tactics will remain.