$BTC Sale Considered as U.K. Weighs $7.2B Treasury Move


$BTC holdings worth $7.2 billion could be sold by the U.K. government to address a $29.7 billion budget shortfall.


Chancellor Rachel Reeves is exploring the sale of confiscated #Bitcoin seized from a 2021 Ponzi scheme targeting Chinese investors.


Trade association CryptoUK urged the government to maintain a long-term view, citing growing global Bitcoin reserve trends.


The 61,000 $BTC stash faces legal challenges as fraud victims have requested diplomatic efforts for asset recovery.


President Trump's executive order for a U.S. crypto stockpile contrasts with the U.K.'s potential disposal of seized digital assets.


Nigel Farage's Reform Party has pledged to establish a Bank of England #Bitcoin reserve if elected in 2029.


The sale would send mixed signals to the U.K.'s crypto industry amid government efforts to foster fintech sector growth.

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July 22, 2025 at 12:42 AM
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